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September 2, 2015

‘Cadillac' health plan tax starts in 2018

  • One benefits consultant said many employers may be required to make fundamental changes in their plans to mitigate the impact.
  • By RICARDO ALONSO-ZALDIVAR
    Associated Press

    WASHINGTON — The last major piece of President Barack Obama's health care law could raise costs for thrifty consumers as well as large corporations and union members when it takes effect in 2018.

    The so-called Cadillac tax was meant to discourage extravagant coverage. Critics say it's a tax on essentials, not luxuries. It's getting attention now because employers plan ahead for major costs like health care.


     
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