The House of Representatives on the evening of July 18 voted 419-6 to pass legislation (H.R. 748) that would repeal the 40% excise tax on high-value employer-sponsored health plans set to begin in 2022. The tax was scheduled to take effect in 2018 under the Affordable Care Act, but Congress has delayed it several times. According to the Congressional Budget Office and Joint Committee on Taxation, repealing the so-called “Cadillac” tax would reduce federal revenues by an estimated $197 billion.
The legislation can be obtained at https://www.congress.gov/bill/116th-congress/house-bill/748.