Hillary Clinton: Repeal Obamacare's Cadillac Tax
Hillary Clinton said Tuesday that she would urge Congress to repeal a tax on high-cost insurance plans known as the "Cadillac Tax" if she is elected president.
"Too many Americans are struggling to meet the cost of rising deductibles and drug prices. That's why, among other steps, I encourage Congress to repeal the so-called Cadillac Tax, which applies to some employer-based health plans, and to fully pay for the cost of repeal," Clinton said in a statement.
She said other reforms to the Affordable Care Act she has proposed would "more than cover the cost" of repealing the tax and helping to reign in rising prescription drug costs.
Employers have to pay a tax on health plans for their workers in which premiums are greater than $10,200 a year for individuals and $27,500 for families. It is designed to help curb rising health care costs, and the excise tax is expected to bring in $87 billion in revenue over the next decade according to the Congressional Budget Office
Clinton has been rolling out proposed changes to the Affordable Care Act, including plans to crack down on high prescription drug costs and lower out-of-pocket costs for families. But she has been a vocal supporter of the law as she campaigns for the Democratic nomination.
"It's time that we say that the debate over the Affordable Care Act is over," Clinton said on CBS' "Face the Nation" earlier this month. "We need to strengthen it, not scrap it."