Letter from the National Coalition on Benefits sent to the leaders of the Senate Finance and House Ways and Means Committees
On behalf of the National Coalition on Benefits, we want to express our grave concern aboutÂ the 40 percent excise tax on health care benefits. The National Coalition on Benefits (NCB) includes major employer trade associations representing large and small employers. NCB alsoÂ includes many large employers with employees in all fifty states (seeÂ www.coalitiononbenefits.org). We are united in our apprehension that the Affordable Care Act’s 40 percent excise tax will undermine the innovative employer-sponsored health care coverage that over 150 million Americans enjoy. Certainly, at the very least, this provision willÂ increase the cost of health care coverage, unintentionally encourage significant benefit designÂ changes, discourage efforts to promote wellness, prevention, and diminish the ability forÂ Americaâ€™s employees to pay for out-of-pocket costs.
Letter from the National Coalition on Benefits sent to the leaders of the Senate Finance and House Ways and Means Committeesread more