Slideshow What advisers think about the Cadillac tax

Published
  • July 31 2015, 3:43am EDT
6 Images Total

Overview

This week, a new coalition dedicated to repealing the ACA’s excise tax on high-cost group plans was formed. Here’s what EBA readers had to say about the tax set to take effect in 2018.

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Employers will have to eliminate benefits

“This tax also is assessed against the cost of other plans that may raise the combined cost above the $10,000 & $27,000 limits for individual and family respectively. Such plans as pre-tax hospital and other indemnity plans, HSA & HRA plans. (Plans to help pay or reduce the cost of deductibles of the ACA plans.) In the end, this tax will kill the gains made by the Affordable Care Act and cause many businesses to not offer any health plan.”

Posted by Michael L

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‘Is this any way to run a country?’

“This could be one of the biggest reasons why Congress should actually read the legislation they propose. I realize reading bills takes work and is a novel concept, but really??? Is this any way to run a country?”

Posted by Keith

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Middle-class will foot the bill

“Yes, more bipartisan grandstanding which will go nowhere because the emperor of the U.S. will veto it, and there will be no override. I agree with Mr. Courtney that employers who reduce benefits will not offset this directly with wage increases, but I find Guinta's statement about Congress not being concerned about the pay-for amusing. One way or another, this pay-for comes out of the middle-class Americans' pocket.”

Posted by Susan H

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'The only way this tax survives is if Hillary wins'

“The only way this tax survives is if Hillary wins the White House and uses it as the lever to move the country to single payer.”

Posted by Bill H

“And she will!”

Posted by Keith

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America got what it voted for

“We have the government we deserve. We (maybe not us specifically) voted for these clowns, and they have given us a circus.”

Posted by Vincent P

Read the article: A united front against the Cadillac tax

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