Consumers Getting Hit by Obamacare ‘Cadillac Tax’

Large companies that provide generous health insurance plans are finding ways to shift the costs to their employees in anticipation of Obamacare’s 40 percent ‘Cadillac tax,’ according to a report by Fox News.

A national business group said it is seeing employers shift workers into plans with higher deductibles while making use of health savings accounts to offset the additional costs of the tax. Some are also increasing premiums for spouses who have access to other health insurance plans, while others are cutting benefits altogether.

“The excise tax, when it hits in 2018, will affect both employers and employees,” Brian Marcotte, president of the National Business Group on Health, told Fox News.