Both parties unite to repeal Obamacare Provision

In a rare instance of unity in the House of Representatives, both parties voted overwhelmingly in favor of repealing a provision of Obamacare known as the “cadillac tax.” The vote was 419 to 6 to repeal this unpopular provision which would levy a 40% surcharge on employers for providing too much health insurance to their employees. This surcharge was supposed to help pay for the cost of Obamacare but the implementation has already been delayed until 2022 and now if it passes the senate and gets signed into law the provision will be gone for good.

There was a lot of opposition to this provision from unions and other employers who tried to attract the best employees by offering exceptional health insurance. If the cadillac tax is not repealed, it will be much more expensive for employers to be able to continue providing the kind of health care that there employees have been accustomed to receiving in recent years.

Hillary calls for repeal of Obamacare

Well, at least part of it. She joins numerous others on both sides of the political aisle who have called for the repeal of the “Cadillac tax” included in Obamacare. As most people are aware, Obamacare requires most employers to provide “minimum essential coverage” for their employees. What many do not know is that Obamacare also provides for a fine for employers who provide too much health insurance for their employees. This is referred to as the Cadillac tax. Although projected revenue from the Cadillac tax was included when projecting the cost of Obamacare, this provision was so unpopular that it doesn’t take effect until 2018. Pro-business advocates on both sides of the aisle have criticized it. Many labor unions and other large employers with good benefits packages for their employees will be hit with this tax if it is not repealed by 2018.