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A Plan to Repeal the Unpopular Cadillac Tax

Posted By Administration, Tuesday, September 29, 2015

Many parts of the Affordable Care Act ObamaCare are unpopular. Of all of them, the Cadillac Tax has the distinction of being number-one in the unpopular category. It goes into effect in 2018 and forces an employer to pay an excise tax of 40% on plans that exceed $27,500 per year in cost per family and $10,200 for individuals.


Nevada Republican Sen. Dean Heller and New Mexico Sen. Martin Henrich have introduced a bill in the Senate to do away with the tax. A similar bill is already in the House.


Heller said, My hope is that reasonable members of Congress on both sides of the aisle will join us in this important, bipartisan endeavor to protect middle-class Americans.


The senator may get his wish. The tax is very unpopular on both sides of the aisle.


The American Benefits Council said its important to deal with the tax now because major employers say theyre going to have to cut and alter benefit plans if something isnt done.


Source link: Employee Benefit News

Tags:  A Plan to Repeal the Unpopular Cadillac Tax  Healthcare  HealthCare.gov  Insurance Content  Insurance Industry  Insurance News  ObamaCare  The Affordable Care Act  Weekly Industry News 

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