Commentary: Representing thousands of employers over the past 35 years, ECFC is actively working to convince Congress to revise the excise tax, commonly referred to as the Cadillac Tax – sooner rather than later. It is calling now on Congress to carve out consumer-directed health plans from the tax, as these plans have proved to be one of the most effective ways to reduce health care costs.
The controversial tax was designed to rein in health care costs overall and to provide funding for the Affordable Care Act. In Congress, efforts to repeal the tax have been supported by Republicans and Democrats in both houses. On Sept. 29, Democrat presidential candidate Hillary Clinton called for repeal of the tax – the same day that House Ways and Means Committee Chairman Paul Ryan of Wisconsin introduced legislation to repeal the tax, which was approved by the Committee and will be considered by the full house in October.
