Hillary Clinton open to revising 'Cadillac tax'

Presidential candidate Hillary Clinton has said she would consider making changes to the Affordable Care Act's controversial "Cadillac tax" if she were elected president, according to the New York Post.

Scheduled to take effect in 2018, the "Cadillac tax" is a 40 percent excise tax on high-cost health plans some employers provide their workers. It is meant to reduce overall healthcare costs by encouraging employers to offer cost-effective health benefits.

Ms. Clinton was asked about the tax in an endorsement questionnaire issued by the American Federation of Teachers.

"One area of the ACA that I am examining is the so-called 'Cadillac tax.' As currently structured, I worry that it may create an incentive to substantially lower the value of the benefits package and shift more and more costs to consumers," Ms. Clinton wrote, according to the report.

After the Supreme Court upheld a major provision of the ACA in its decision on King v. Burwell, the "Cadillac tax" became the new target in the assault on the health reform law.

The excise tax has been strongly opposed by unions, and earlier this week several healthcare industry giants, including Blue Cross Blue Shield and Cigna, launched a campaign aimed at fighting the tax.

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