Task 4.2.5 of 6
Taft-Hartley multiemployer health funds: convert to supplementary benefits or close, with assets distributed to participants or pension funds by trustee vote.
Who does it
Trustees / DOL
When
Year 4
Trade-off
Dissolving Taft-Hartley funds returns assets to members but ends union-run institutions.
Part of: End employer-sponsored insurance for covered services
Job-based coverage for UHP services ends for about 179 million people. Employer premium payments of $1.05T (private, federal, state & local) stop; the employer tax ($873.4B) is at its full rate. Worker premium contributions ($382.1B) end.
This step changes 5 existing laws, programs, or institutions. See the list.