Posted on December 19, 2019
The legislation fully repeals the Cadillac Tax and repeals the Health Insurance Tax effective January 1, 2021. This means the Health Insurance Tax will still be in place for 2020 and will be gone in 2021. Below are summaries of these two taxes that are now fully repealed. Cadillac Tax: This tax was to take… Read More
Posted on July 22, 2019
The House of Representatives voted Wednesday to repeal the “Cadillac tax” on high-cost employer health insurance and it will next be considered by the Senate. The “Cadillac Tax is currently set to begin in 2022 and places a 40% tax on the value of employer-provided health coverage above a certain cap, initially projected to… Read More
Posted on July 18, 2019
By Peter Sullivan, The Hill on 7/17/19 The House on Wednesday voted to repeal ObamaCare’s “Cadillac Tax” on high-cost health plans, removing a part of the health law opposed by many in both parties. The wide bipartisan vote of 419-6 illustrates how the tax is one of the few areas of ObamaCare that has opposition across… Read More
By Tami Luhby, CNN on 7/18/19 There’s not much about Obamacare that Democrats and Republicans agree on. But getting rid of the Cadillac tax is one of the rare points of unity. House lawmakers came together Wednesday to repeal the provision that levies a tax on high-cost health insurance plans by a vote of… Read More
NAHU Update 7/17/19 at 9:25 PM The House of Representatives voted 419-6 to pass H.R. 748, NAHU-supported legislation to fully repeal the ACA’s Cadillac/excise Tax. It will next be considered by the Senate, where a companion bill, S. 684, has 42 bipartisan co-sponsors. NAHU and our partners in the Alliance to Fight the 40 have long called… Read More