Research

On MSNBC’s “Morning Joe” today, liberal pundit Lawrence O’Donnell delivered brutal criticism of the Senate’s government-run health care plan.

But they never tell you what that tax is intended to do. It’s intended to cut your benefits. Sebelius said we're going to put the insurance companies on warning that they're going to have to change their plans. Change? What do you mean change? Reduce the benefits so that the plan never hits the tax threshold. And they actually do not raise any money from the tax from the insurance companies. They project, the CBO, that virtually all the money will be raised from income [tax.]

Couldn’t have said it better ourselves. President Obama constantly complains about how Americans are stuck with insurance that isn’t good enough and doesn’t cover enough. But insurance that covers everything is exactly the kind of insurance he’s planning to hit with his so-called “Cadillac tax.”