The authors of Obamacare thought that their 40% excise tax would raise the revenue that they needed to fund other provisions. If other companies behave as Boeing plans to, and it is rational for them to do so, the tax will likely raise little to no revenue. Even before the law is fully in effect, we have yet another Obamacare fail.
Deductibles, the share of medical costs that [Boeing] employees pay annually before their plan kicks in, will go up to $300 for individuals, an increase of $100. For families, the new deductible will be $900, an increase of $300.
In addition, Boeing is instituting a copayment of 10 percent after the deductible has been met. The copayment will rise to 20 percent in 2012.
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