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unions and other large employers with good benefits packages for their employees will be hit with this tax if it is not repealed by 2018.