EppsNet Archive: Cadillacs

Drive Me to the Junkyard in my Cadillac

Well buddy when I die throw my body in the back And drive me to the junkyard in my Cadillac — Bruce Springsteen, “Cadillac Ranch” Say goodbye to that $500 deductible insurance plan and the $20 co-payment for a doctor’s office visit. They are likely to become luxuries of the past. . . . Then blame — or credit — the so-called Cadillac tax, which penalizes companies that offer high-end health care plans to their employees. — High-End Health Plans Scale Back to Avoid ‘Cadillac Tax’ – NYTimes.com You’re probably thinking: “So what? I don’t have a high-end health care plan. I’m a working stiff. Let the Wall Street fat cats pay their Cadillac tax.” Actually, because the plan cost that triggers the Cadillac tax is not indexed for inflation, Bradley Herring, a health economist at Johns Hopkins Bloomberg School of Public Health, estimates that as many as 75 percent… Read more →