CEO DATELINE - Business groups: New poll shows public opposes Cadillac tax
CEO DATELINE - Business groups: New poll shows public opposes Cadillac tax
- October 22, 2015 |
- Walt Williams
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Three of the nation's largest business groups have released a new poll showing three of four respondents are concerned about the looming 40 percent tax on so-called "Cadillac" health plans, which was created as part of the Affordable Care Act.
Business Roundtable, the National Association of Manufactures and U.S. Chamber of Commerce are using the poll as proof that the tax should be repealed. The online poll of 1,543 registered voters found that 44 percent of respondents were not even sure what the tax is. After learning about the tax, 48 percent said it should be repealed while another 18 percent said it should be delayed. Seventy-six percent said they were concerned about the tax.
"As voters learn more about the looming employee benefits tax, they are expressing concerns about the serious problems it will create: higher health care costs for employers and lower quality health care for employees," NAM CEO Jay Timmons said.
The Cadillac tax would impose a 40 percent tax for health plans whose total costs exceed $10,200 for individuals and $27,500 for families. It is set to go into effect in 2018.
"America's largest employers oppose the 40 percent tax because it threatens health care innovation and could end up limiting important wellness and prevention benefits that promote better health and reduce overall cost growth," BRT President John Engler said.
The survey was conducted by polling firm Morning Consult. http://bit.ly/1QX8ctK
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