The tax, part of the Patient Protection and Affordable Care Act of 2010 (PPACA), is set to impose a 40 percent tax on high-cost plans starting in taxable years starting after Dec. 31, 2017.
Clinton said she supports PPACA and wants to strengthen it.
PPACA “has extended quality, affordable health insurance to millions of Americans, begun to rein in the growth of overall health care spending across the country, and provided important new protections to consumers, especially young people and anyone with a pre-existing condition,” Clinton said in a statement about her decision to support Cadillac plan tax repeal. “President Obama doesn’t get enough credit for this historic achievement, and Republicans’ obsession with repeal is dead wrong.”
But Clinton said families with health coverage are already struggling to pay their out-of-pocket costs.
She said other changes she has proposed, such as new efforts to hold down the cost of prescription drugs, will lower overall health care costs enough to cover the cost of repealing the Cadillac plan tax.