It's difficult to find a prominent politician who will issue a full-throated defense of the "Cadillac tax," a provision of the Patient Protection and Affordable Care Act that imposes a 40 percent excise tax on the most generous health care plans. 

But there's a reason it was part of the landmark legislation, and many economists say the country can't afford to lose it. 

Over 100 health care economists signed a letter to the House Ways and Means Committee urging Congress to maintain what the group believes is an important step towards dismantling what it calls "an economically inefficient and regressive" tax system that encourages employers to compensate workers through benefits, rather than wages. 

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

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
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.