(Bloomberg) -- A new bipartisan effort to cancel Obamacare’s Cadillac tax--the40 percent levy on high-cost health insurance plans--adds a wrinkleto an impending fight in Congress.

The repeal bill unveiled Thursday in the U.S. Senate by NevadaRepublican Dean Heller and New Mexico Democrat Martin Heinrichstands little chance of becoming law soon, especially with BarackObama in the White House.

Yet it demonstrates lawmakers’ frustration with the tax, whichtakes effect in 2018.

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