It's looking more and more likely that House Republicans will soon look to cut out the preferential tax treatment of employer-provided health care plans – all to cover the cost of repealing and replacing the Affordable Care Act.
A recently leaked discussion draft of repeal-and-replace legislation suggests taxing the most expensive individual and family plans – those in the 90th percentile – in the employer market.
That provision, which critics are calling a "new tax on the middle class," would generate the greatest source of new tax revenue for the repeal and replace proposal.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
