Congress is poised to delay the implementation of the "Cadillac tax" by at least two years, according to what lawmakers involved in negotiations over a $1.1 trillion spending and tax cut package have told the media.
Originally slated to go into effect in 2018, the controversial excise tax on the most expensive health plans will now be delayed until at least 2020.
Similarly, the bill includes a suspension of a tax on medical devices. Implemented in 2013, that tax will be suspended throughout 2016 and 2017 and will go into effect again in 2018 if Congress doesn't reauthorize the suspension.
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