A bipartisan group in the U.S. Senate is pushing for the repeal of one of the least popular provisions of the Patient Protection and Affordable Care Act. Sens. Dean Heller (R-NV) and Martin Heinrich (D-NM) introduced a bill this week that would repeal the so-called Cadillac tax, which levies a 40 percent excise tax on expensive health plans — ones that cost more than $10,200 for an individual plan or $27,450 for family plans. The tax would go into effect in 2018. 

"My hope is that reasonable members of Congress on both sides of the aisle will join us in this important, bipartisan endeavor to protect middle-class Americans," Heller said in a statement. 

There is little doubt the bill will be approved by the GOP-controlled Congress, but what remains unclear is whether enough Democrats support the provision to prevent an override of President Obama's likely veto. 

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • 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.