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Congress members target employer tax breaks for health care premiums
Business Insurance

While employers have been sweating the Cadillac tax, some health benefits experts say growing congressional sentiment to reduce or eliminate the tax breaks for employer-sponsored health insurance could pose an even greater threat to the group insurance market.

There’s “growing energy in Congress about tax reform and tax policy, and with employer-sponsored health care plans and retirement plans being the top two expenditures from a tax basis, it’s front and center,” said Tim Prichard, executive vice president and head of the national employee benefits practice at Wells Fargo Insurance Services USA Inc.