When you lose Bob Herbert...
Proponents say the tax will raise nearly $150 billion over 10 years, but there’s a catch. It’s not expected to raise this money directly. The dirty little secret behind this onerous tax is that no one expects very many people to pay it. The idea is that rather than fork over 40 percent in taxes on the amount by which policies exceed the threshold, employers (and individuals who purchase health insurance on their own) will have little choice but to ratchet down the quality of their health plans.
Possibly too late but more and more people are coming around to the inescapable conclusion that Obamacare, because of how it’s rigged, will most certainly entail rationing.