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Re: Memo on Cadillac Tax for HRC

From:aoleary@hillaryclinton.com To: hdr29@hrcoffice.com CC: jsullivan@hillaryclinton.com, john.podesta@gmail.com Date: 2015-09-27 04:51 Subject: Re: Memo on Cadillac Tax for HRC

If it does comes up, here is my suggested response. If it does not come up, we'll regroup and work on a statement to get out next week: *Q: Would you repeal the Cadillac tax?* · Yes, I would. While I continue to believe that we need a bold set of policies to reduce the growth of health costs that eats into workers’ wages, I do not think we should pass the full burden of doing this onto the backs of consumers and workers. · The Affordable Care Act is already working to slow the growth of health spending. We have had the slowest growth in health spending in five decades. · Yet, too many Americans – who had good health insurance before and still have good insurance after the ACA – are not experiencing this downward trend in health spending. Instead they are seeing their deductibles rise, their prescription drug costs skyrocket and they don’t know how to make ends meet and stay health. · I worry that if the Cadillac Tax is implemented, workers who have fought hard for good health insurance, simply won’t have it any longer because employers will demand workers pay more and more out of pocket. · Just this week the Kaiser Family Foundation released a survey showing that the average deductible that Americans with employer based coverage have to pay before their insurance kicks in is over $1300, and has grown 7X faster than workers wages since 2010. · Now, let me be clear I do not believe that we should simply repeal the Cadillac Tax without determining how we would pay for lost revenue – this revenue is essential to helping subsidize affordable health insurance through the health exchanges and allowing the federal government to robustly help states expand Medicaid. · If Congress repeals the Cadillac Tax, it must pay for it and we must work together to reform the delivery of health care to make it more value driven and more cost efficient. On Sat, Sep 26, 2015 at 4:59 PM, H <hdr29@hrcoffice.com> wrote: > I doubt it will come up on MTP. We should just plan to put out statement. > ------------------------------ > * -- Ann O'Leary Senior Policy Advisor Hillary for America Cell: 510-717-5518