One element of the Affordable Care Act (ACA) that hasposed major concerns for employers may soon cease to trouble them.There's growing support for legislation that would repeal the ACA's tax on high-cost employee health plans, dubbed the“Cadillac tax.”
Scheduled to take effect in 2018, the Cadillac tax requirescompanies to pay a 40% excise tax on health coverage that exceeds acertain level. In 2018, the levels are $10,200 a year forindividual coverage and $27,500 for family coverage.
This was designed to be one of the ACA's main means ofcontaining healthcare costs. It is also expected to raise asignificant amount of revenue to offset some of the costsassociated with healthcare reform. The issue of replacing the lostrevenue is the main barrier to a repeal.
Continue Reading for Free
Register and gain access to:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 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.
Susan Kelly
Susan Kelly is a business journalist who has written for Treasury & Risk, FierceCFO, Global Finance, Financial Week, Bridge News and The Bond Buyer.
