Rep. Stauber: House Overwhelmingly Votes to Repeal Key Obamacare Provision That Would Devastate Middle Class Families - Insurance News | InsuranceNewsNet

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July 19, 2019 Newswires
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Rep. Stauber: House Overwhelmingly Votes to Repeal Key Obamacare Provision That Would Devastate Middle Class Families

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WASHINGTON, July 8 -- Rep. Pete Stauber, R-Minnesota, issued the following news release:

This week, the House of Representatives with Congressman Pete Stauber's (MN-08) support, overwhelmingly voted to repeal a major provision of Obamacare. H.R. 748, the Middle Class Health Benefits Tax Repeal Act would repeal the Cadillac Tax, a 40 percent penalty on high-value employer sponsored health insurance plans. The legislation passed with a vote of 419-6.

Of the legislation's passage, Stauber said, "Minnesotans need access to affordable and quality healthcare. Unfortunately, in recent years, healthcare has steadily become less affordable and should the Cadillac Tax take effect, this crisis will only worsen.

By implementing a 40 percent tax on certain employer sponsored health insurance plans, the Cadillac Tax would punish middle class families, many of whom already have a hard time making ends meet. When I came to Congress, I promised to address the rising cost of healthcare, so I am proud to help permanently repeal this unfair tax."

The Cadillac Tax was designed to help pay for Obamacare. It would impact health insurance plans that cost more than $11,100 for an individual, and $29,750 for a family.

Implementation of the Cadillac Tax has been delayed numerous times, most recently to 2022.

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