House to vote on health care ‘Cadillac tax’ repeal

The House plans to vote Wednesday on legislation that would roll back the so-called “Cadillac tax” under the 2010 health care law known as Obamacare.

The 40 percent surcharge tax applies to certain high-cost employer health care plans (hence the “Cadillac tax” nickname). It isn’t set to take effect until 2022, and Congress has twice delayed its implementation.

The tax was envisioned as a way to help pay for the 2010 health care law. There’s bipartisan support in both the House and Senate for its repeal, which has been a top priority for the insurance industry and labor unions.