Released: October 01, 2009

What makes a ‘Cadillac’ health plan?

Source: Keith Richburg, Washington Post (Free Registration)

In the scramble to find money to overhaul the health-care system, Senate Democrats have been eyeing the most generous insurance packages—what some call the “Cadillac” plans—as a lucrative target to tax.

But as the competing proposals are debated on Capitol Hill, a fundamental challenge has emerged: Few people agree on exactly what constitutes a Cadillac plan.

Many proponents of taxing high-end employer-based coverage have singled out the titans of Wall Street finance and industry, whose insurance might pay for regular EKGs, CAT scans and weekend health retreats at tony spas. The California Health and Longevity Institute, for example, offers “comprehensive physicals” over several days that include personalized counseling on wellness, fitness and nutrition.

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