Cigna, others launch alliance to fight Cadillac tax

Cigna, the Corporate Health Care Coalition, the National Association of Health Underwriters and several other private and public sector companies and organizations officially launched the Alliance to Fight the 40 in an effort to repeal the 40 percent tax on employee health benefits, known as the Cadillac tax. The tax "reduces incentives for employers to establish savings vehicles that make it easier for employees to pay for their healthcare and save for retirement. The ultimate result of this tax will be to reduce coverage and benefits to workers across the country in a variety of professions," Matt Manders, Cigna's president of U.S. Markets & Global Health Care Operations, says in the announcement. Announcement