Obama seems to have cleared a major hurdle on the health care plan opposition by union democrats.
The union "Cadillac" health care plans will be exempt from the 40% surcharge until 2017 but people who have non-union "Cadillac" plans will start paying their 40% increase immediately.
Looks like he's paying off another segment of the voting block.
The video clearly shows he was against this when campaigning, but McCain was for it.
Reporting from Washington - President Obama told top Democratic House members on Wednesday that he favored a tax on insurance companies offering more expensive healthcare plans as a means of extending insurance to millions of people who are not covered, according to a person familiar with the meeting.
The "Cadillac tax" is a feature of a healthcare bill that cleared the Senate before the Christmas holiday. But the House has chosen another financing method -- a tax hike on the wealthy.
Powerful labor unions at the core of the Democratic base are opposed to the Cadillac tax, saying that in some cases union members gave up wage increases in return for richer healthcare benefits.
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Obama favors 'Cadillac tax' for healthcare - latimes.com
The union "Cadillac" health care plans will be exempt from the 40% surcharge until 2017 but people who have non-union "Cadillac" plans will start paying their 40% increase immediately.
Looks like he's paying off another segment of the voting block.
The video clearly shows he was against this when campaigning, but McCain was for it.
Reporting from Washington - President Obama told top Democratic House members on Wednesday that he favored a tax on insurance companies offering more expensive healthcare plans as a means of extending insurance to millions of people who are not covered, according to a person familiar with the meeting.
The "Cadillac tax" is a feature of a healthcare bill that cleared the Senate before the Christmas holiday. But the House has chosen another financing method -- a tax hike on the wealthy.
Powerful labor unions at the core of the Democratic base are opposed to the Cadillac tax, saying that in some cases union members gave up wage increases in return for richer healthcare benefits.
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Obama favors 'Cadillac tax' for healthcare - latimes.com
