News Headlines Article

‘Cadillac’ Tax Delay: A Chance To Refine or First Step To Kill It Altogether?
California Healthline

Opponents of the Affordable Care Act’s so-called “Cadillac” tax won a major victory last month when President Obama delayed its implementation for two years via a spending package. Under the Cadillac tax, companies pay a 40% levy on the value of generous employee health plans above a certain limit. The first year of the tax calls for a $10,200 annual cap for an individual plan and a $27,500 cap family coverage. Debate over the tax reached a fever pitch late last year, and Congress was able to successfully push through a delay — and nab Obama’s signature — by tying it to the budget process.