U.S. employers with more than 50 workers seem to be much more concerned about a federal tax on expensive health benefits packages than they are about the idea of having to provide coverage for all full-time employers.

Consultants at Mercer, a unit of Marsh McLennan & Companies Inc., New York (NYSE:MMC), have published figures that may support that conclusion in a summary of results from a recent survey of 2,844 public and private U.S. employers with 10 or more employees.

One major provision in the Patient Protection and Affordable Care Act of 2010 (PPACA) would impose a 40% excise tax, or "Cadillac plan tax," on health benefits packages with values that exceed maximum levels specified in PPACA.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Allison Bell

Allison Bell, a senior reporter at ThinkAdvisor and BenefitsPRO, previously was an associate editor at National Underwriter Life & Health. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached through X at @Think_Allison.