How is it funded?
GREGORY WARNER: So leaving aside the fees coughed up from the pharmaceutical industry, and the medical devices industry and the insurance industry, in terms of what average individuals are going to pay, there are two things. First, the payroll tax, and this is for families making more than $250,000 or individuals making more than $200,000. There’s going to be a 3.5 percent tax on honored income, basically income from investments and things like that. And that begins in 2012.
Second further down the line, in 2018, there’s going to be an excise tax and that’s a 40 percent tax on these Cadillac insurance plans, basically really good plans with lots of benefits.