Thursday, July 7, 2016

“A desire to see the Cadillac tax parked”

ICYMI: Business Insurance Article, “A desire to see the Cadillac tax parked”  
A July 3rd Business Insurance article, “A desire to seethe Cadillac tax parked,” highlights the need to repeal the “Cadillac Tax.”  Philia Swam, a health, wellness, benefits group manager at LafargeHolcim U.S. in Chicago explains that employers have already been instituting initiatives to improve employees’ health and reduce health plan costs.


Excerpts from the article:

If there is one change Philia Swam would like federal lawmakers to make in the 2010 health care reform law, it would be repealing the Affordable Care Act's “Cadillac Tax.”

“We made proactive changes a long time ago without facing tax implications by focusing on changing health behavior,” she said, referring to several company initiatives, such as wellness programs, intended to improve employees' health and reduce increases in health plan costs.

For employers, the law has significantly increased their administrative burdens,” Ms. Swam said. 

“New taxes, fees, more reporting to the government has complicated matters,” she said. “In addition, to managing health plan costs and the health of employees and their dependents, we now have to perform so many administrative tasks that we didn't have to do before.”


The Alliance to Fight the 40 is a broad-based coalition comprised of public and private sector employer organizations, consumer groups, patient advocates, unions, health care companies, businesses and other stakeholders that support employer-sponsored health coverage. This coverage is the backbone of our health care system and protects over 175 million Americans across the United States. The Alliance seeks to repeal the 40% tax on employee health benefits to ensure that employer-sponsored coverage remains an effective and affordable option for working Americans and their families.


# # #

No comments:

Post a Comment