The topic for today in Something to Think About, is “The Cadillac Tax.” Everyone likes having health insurance, but no one likes to pay taxes. So there is a major move to change a key provision of the Affordable Care Act that will begin to tax some health care benefits in 2018.
Across the country, companies, cities and states are scrambling to figure out how many millions it will cost them. What are the provisions of the ACA that will cause this new tax? Are there other options to avoid the tax? What are the consequences of the tax? Why are we worrying now about a tax due to start in 2018? Does it make sense to repeal the Cadillac tax?
