A senior White House adviser said President Obama will propose changing the "Cadillac tax" on pricey private health insurance plans to reflect regional differences, according to Reuters.
Here are four takeaways:
1. The advisor said President Obama will make his proposal when he details his 2017 budget plan next week.
2. In his proposed plan, the president would increase the threshold where it takes effect in areas where healthcare is especially costly.
3. The "Cadillac tax" has incited fierce opposition from labor unions that claim the tax encourages employers to cut back on employees' health insurance plans.
4. Intended to help pay for the Affordable Care Act, the president's tax was projected to raise nearly $87 billion a year.
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