News Headlines Article

Obama budget to adjust health insurance ‘Cadillac tax’: adviser
Reuters

President Barack Obama will propose tailoring the controversial “Cadillac tax” on expensive private health insurance plans to reflect regional differences when he releases his 2017 budget plan next week, a senior White House adviser said in an article released on Wednesday.

Obama’s proposal would reduce the bite of the unpopular tax by raising the threshold where it takes effect in areas where healthcare is particularly expensive, according to the article in the New England Journal of Medicine co-written by Jason Furman, chairman of the White House Council of Economic Advisers.

Commands