Word: taxing
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...burden onto the government. That's been one of the concerns that I had originally during the debates with John McCain about completely eliminating the exclusion. The majority of people still get health insurance from their employers. For them to suddenly just lose that and get some sort of tax credit and have to go out on the open market would be a radical change that I think would increase people's vulnerability as opposed to increasing their security...
...trillion over 10 years, even though we've identified $600 billion of the trillion dollars so that we're really talking about raising somewhere between $300 and $400 billion over 10 years, or $30 or $40 billion a year, which with very modest changes to the tax code could be easily paid for and would pay significant dividends. It's still - in people's minds it's just a big expensive thing that may end up resulting in me paying more taxes...
...Senate Finance Committee has not yet introduced draft legislation, so it's still unclear what level of Cadillac health benefits would be taxed under the Kerry proposal. But those familiar with the committee's discussions say the tax threshold could be based on either what federal-employee benefits cost or the average cost of insurance nationwide. Nearly 20% of Americans covered by employer-sponsored health insurance have policies costing more than 120% of the national average, according to the Kaiser Family Foundation...
...Municipal unions, which in recent years have had more success winning premium health benefits than wage increases, are incensed at the notion that their members could get hit by a new health-insurance tax, even an indirect one. "In our judgment, we think it's inequitable to tax individuals because of who they work for, what they do or where they work," says Chuck Loveless, legislative director of the American Federation of State, County and Municipal Employees. Of the Kerry excise tax proposal, Loveless says, "We're looking at it very closely and we're trying to calculate the cost...
...Despite whatever opposition new benefits-tax proposals might face, it's unlikely health-reform legislation will emerge without them. The Senate Finance Committee - one of five in Congress that oversee health care and the only one that has not yet unveiled at least draft legislation - must include in its draft a plan to pay for reform. The three Democrats (led by Finance chairman Max Baucus of Montana) and three Republicans (led by Chuck Grassley of Iowa) trying to hammer out a bipartisan agreement behind closed doors have made some progress on reaching a consensus. In addition to scrapping a requirement...