A Deal on Cadillac Plans Reached

After long negotiations with union leaders, the President and congressional leaders have found a compromise on the tax on so-called Cadillac health plans the the Senate and the Presdient wanted to pay for health reform. The unions opposed it, arguing that their members had won high-end health plans in lieu of wage increases through negotiations. The deal raises the the value of the taxable plans from $23,000 for a family to $24,000, exempts dental and vision plans, and defers application of the tax on union policies for five years. Now that revenue must be replaced by a another source. You can read more from the Los Angeles Times here.