I like to think that very few people despise Obamacare more than me.
I don’t like Obamacare because it’s a fiscal boondoggle.
I don’t like Obamacare because it’s bad healthcare policy.
I don’t like Obamacare because it generated an embarrassingly bad decision by the Supreme Court.
I don’t like Obamacare because it has increased corruption in Washington.
And I don’t like Obamacare because it further enriches and empowers Washington’s political class.
But I also like being honest and that means I’m willing to acknowledge that there’s one small part of Obamacare that will have a positive impact.
More specifically, the so-called Cadillac tax on expensive employer-provided health plans will slightly reduce the distortion in the tax code that encourages over-insurance and exacerbates the healthcare system’s pervasive third-party payer problem.
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