Benefits industry declares war on ‘Cadillac Tax': Is a repeal coming?

by Jared Bilski

We’ve already seen legislation introduced with the sole purpose of getting Obamacare’s controversial “Cadillac tax” tossed. Now an impressive alliance has come together to put pressure on Congress to make sure that repeal actually takes place.

The group, which consists of more than two dozen public and private employers, insurers and unions, calls itself the Alliance to Fight the 40, a reference to the 40% excise tax imposed by the ACA.

Under the ACA’s Cadillac tax provision, employers will be required to pay a 40% excise tax on the value of any healthcare coverage that exceeds $10,200 for single coverage or $27,500 for families in premium costs starting in 2018.

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