An under-the-radar component of the legislation Congress passed on Jan. 22 to end the three-day government shutdown was a provision to delay implementation of the excise tax on high-cost employer health coverage (known as the “Cadillac tax” for an additional two years, until 2022.
01-23-2018 The U.S. House of Representatives narrowly passed its Obamacare “repeal and replace” legislation on May 4. The legislation effectively eliminates the employer and employee mandates; replaces Obamacare’s with tiered tax credits (increasing with age); allows states to apply for waivers to define their own essential health benefit requirements; expands the limits for Health Savings Account; discontinues Medicaid expansion in 2020; and repeals most of Obamacare’s taxes. The legislation also would delay implementation of the Cadillac Tax by five years, from 2020 to 2025, and it preserves the tax exclusion for employer sponsored insurance.
05-05-2017