Thursday, June 4, 2015

Will Congress repeal health reform’s ‘Cadillac Tax’?

by Christian Schappel



We know what you’re thinking: This is just the latest attempt by Republicans to shoot holes in the Affordable Care Act. But it’s not; this bill’s backed by 71 co-sponsors, and only three of them are Republicans. 

It’s called the Middle Class Health Benefits Tax Repeal Act of 2015 (H.R. 2050), and it was introduced by Rep. Joe Courtney (D-CT).

The goal: Repeal the ACA’s “Cadillac Tax,” which is a 40% excise tax on health insurance plans costing more than $10,200 for individual coverage and $27,000 for family coverage.

The tax takes effect in 2018, after having already been pushed back from its initial start date of 2013 — and therein lie one of the problems.

Click here for entire article. 

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