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  • Majority of businesses taking steps to avoid ObamaCare tax

    05/14/2015 3:18:32 PM PDT · by Oldeconomybuyer · 12 replies
    The Hill ^ | May 14, 2015 | By Sarah Ferris
    Nearly two-thirds of companies facing a new ObamaCare tax say they are changing their coverage to avoid the extra costs, according to a new survey. The so-called Cadillac tax, which applies to healthcare plans above a certain expense threshold, is one of the most pressing changes still to come under ObamaCare. Only 2.5 percent of companies that would be hit by the Cadillac tax starting in 2018 said they plan to pay the tax. A total of 62 percent of companies said they have already taken action or plan to take action to avoid it. Most say they are shifting...