Cadillac Designed as a way to both fund future health care costs and encourage employers to move to more cost-conscious health insurance coverage, the Cadillac tax has been opposed by a wide range of stakeholders. (Photo: Shutterstock)

As the U.S. House of Representative was poised to vote on a repeal of the “Cadillac Tax” for health care plans, a new study shows that one in five employers may have to pay the tax if it goes into effect on schedule in 2022.

The Cadillac Tax has long been one of the most controversial and least popular elements of the Affordable Care Act (ACA). Designed as a way to both fund future health care costs to the ACA and encourage employers to move to more efficient and cost-conscious health insurance coverage, the Cadillac Tax has been opposed by a wide range of stakeholders, including employers, unions, and insurance plans. Implementation of the tax has been delayed twice by Congress, and the House is scheduled to vote on an outright appeal on Wednesday.

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

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

  • Critical BenefitsPRO.com 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

Already have an account?

 

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.