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Obama Proposes To Fix The Cadillac Tax
Forbes: In the budget he plans to release tomorrow, President Obama will propose some modest changes to the Affordable Care Act’s much-reviled Cadillac Tax on high-cost employer sponsored health plans. In advance of the proposal, Jason Furman, Chair of the president’s Council of Economic Advisers, published a full-throated endorsement of the levy. While the tax has few friends on Capitol Hill–Congress has already delayed its implementation from 2018 to 2020–Jason argues the tax is a “crucial tool” for making the U.S. healthcare system more efficient. He’s right.
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