News Headlines Article

Lavish ‘Cadillac’ health plans dying out as federal health-care coverage tax looms
Chicago Tribune

Large employers are increasingly putting an end to their most generous health-care coverage as a tax on “Cadillac” insurance plans looms closer under federal health insurance laws.

Employees including bankers at JPMorgan Chase and college professors at Harvard University are seeing a range of moves to shift more costs to workers. Companies are introducing higher deductibles and co-payments, rising premiums and the imposition of wellness programs that carry penalties for people who don’t comply.