Cadillac insurance? Do you have it?

I used to. I worked for Ohio State University, and you just couldn't beat the benefits (salary wasn't great, though). Some I never was able to use (although they were added into my salary deductions). My husband used to say that the reason he went into business for himself was "the wife got tenure, the children left home and the cat died." My job with health benefits saved us a bundle--not on health care, but on insurance. As a partner in his former firm Feinknopf Macioce and Schappa, he was not eligible for the group plan, so his insurance was bought with before-tax dollars before I got on board at OSU--about $6,000 a year 20 years ago.

President Obama promised in September on numerous talk shows and venues that if you loved your health insurance plan nothing would change. Of course, HE LIED, as he has lied about a lot of things (Obama lied; insurance died). The so called "cadillac" option will penalize people who have them, private or job related, by taxing them out of existence. Here are two examples. First the rich guy who is paying $20,000 a year for his insurance out of his own pocket.

"Mitch Stabbe has one of these plans. He's a lawyer in Washington, D.C. Through his firm, he gets a plan that has an annual premium of more than $20,000, which he pays for himself. Stabbe is a partner, and is considered self-employed, so the firm doesn't contribute to his health coverage.

Stabbe says that when he factors in deductibles and co-payments, the family ends up spending close to $30,000 a year on health care. "That's a nice chunk of change," he says. He believes it's worth it, because otherwise the family would have huge medical costs.

Stabbe's 18-year-old son Bryan has Crohn's disease, a chronic illness that attacks the digestive system. Bryan takes a weekly oral medication, and every five to six weeks, gets an infusion of a drug called Remicade. Without insurance, the infusions alone would cost around $40,000 a year."

So maybe he's rich enough to afford the huge tax increase he'll have to pay, but last year, there were a lot of people who thought they were rich. Then the sub-prime melt down; then Bernie Maddof, etc.

Now here's the not so rich family--a secretary and her disabled husband who doesn't work. They have what I used to have--health care through a college.

"Rusty and Deb Lovell live in Concord, N.H. Rusty had to stop working about a year ago and gets Social Security disability payments. Deb earns a little over $30,000 a year as a secretary at a community college.

But her job also comes with something almost as valuable as her salary — employee health coverage from the state of New Hampshire. Deb's share of the premium cost is $60 a month. Yet when combined with what the state contributes, the total premium for her family coverage ranks in the top 4 percent of premiums in the country.

The plan is negotiated by the state employees union, and Deb says the coverage is "so important to us that we have often negotiated for keeping our insurance and foregone raises year after year."

For the Lovells, the benefit has been priceless. Eight years ago, Rusty was diagnosed with chronic myelogenous leukemia. . . Last year alone, Rusty's care cost more than $1 million. Because of their generous health insurance plan, the total cost for the Lovells came to $500 in co-payments. " Kaiser Health News

Remember, the basis for Obamacare is communal sharing, rationing of services and treatments, weighting care toward the younger members of the community instead of the elderly, with everybody being equal, and only using proven efficacious treatments. Obviously, it wouldn't be equal if the rich guy got to buy more than the state afforded a secretary, and they obviously aren't going to be able to offer Deb's insurance (top 4%) to everyone, so she'll have to be a good sport and not waste so much of health-care resources. The CBO says the government will be collecting $10 billion in "cadillac" revenue in just one year--that's why he can say it won't add to the deficit (HE LIES!). Remember, the taxes start a number of years before the changes take place, too.

I think there's a lot of college and university employees who are going to be surprised to be hit that that great leveling tax surcharge on their health insurance. A little pocket change left over is all they can hope for.