Congress Pushes for Delay in ‘Cadillac Tax’ on Health Plans

WASHINGTON—Congress is getting closer to delaying a tax on expensive employer-sponsored health plans, imperiling a levy that was a key revenue source and cost-control measure in the 2010 health law.

Bipartisan support for killing or suspending the start of the so-called Cadillac tax, which is scheduled to take effect in 2018, is growing.

With President Barack Obama saying he would veto an outright repeal, lawmakers are pushing to postpone the tax for two years. They are seeking to wrap it into a package they are negotiating with the administration that would extend several expired and expiring business tax breaks and middle-class tax credits. For the full article click here 

from health IT caucus http://ift.tt/1SRQZCW
via IFTTT