On October 15th, the Alliance to Fight the 40 urged Congress to
repeal the 40% tax on health benefits and protect the health care that
safeguards 175 million Americans.
The Alliance to Fight the 40 is a broad-based coalition of
employee and employer organizations representing or providing health coverage
to Americans in every state.
The Affordable Care Act imposes a 40% non-deductible tax (also
called the “Cadillac tax”) on the cost of employer-sponsored health coverage
that exceeds certain thresholds. This tax will impact a wide range of plans
covering retirees, small businesses, self-employed individuals, state and local
governments as well as non-profit organizations.
Numerous studies show that the 40% tax is forcing employers to
shift costs to employees in order to avoid the tax. This increased cost-burden
is falling hardest on those least able to afford it – lower-income, sicker and
older workers. The increased cost burden for employees may jeopardize
employees’ access to affordable care and therapies.
To date, 257 House members and 30 Senators have cosponsored
legislation to repeal the 40% tax. Congress must act now to repeal the 40% tax,
and protect employer-sponsored insurance coverage for millions of Americans.
Senate Letter:
House Letter:
For more information check out our website: www.fightthe40.com or follow us on Twitter
@fightthe40.
No comments:
Post a Comment