November 17, 2015 at 6:02 pm ET
Lawmakers From Both Parties Seek Meeting With Obama on ‘Cadillac Tax’
Five lawmakers sent a letter to President Obama today requesting a meeting to discuss repealing the Affordable Care Act’s so-called “Cadillac tax.”
The letter says private and public insurance companies are already adjusting their benefit packages in preparation for the tax on high-cost insurance plans that’s scheduled to go into effect in 2018. Sens. Dean Heller (R-Nev.), Sherrod Brown (D-Ohio), Martin Heinrich, (D-N.M.) and Reps. Joe Courtney (D-Conn.) and Frank Guinta (R-N.H.) signed the letter.
“This tax poses a serious threat to millions of Americans with employer-sponsored health insurance plans,” the lawmakers wrote. “In order to avoid hitting the tax, employers are raising deductibles and increasing other out-of-pocket expenses for beneficiaries.”