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Tuesday, February 16, 2010

Taxing Medical Plans Loses Luster in Congress

“An agreement to tax high-cost, employer-sponsored health insurance plans, announced with fanfare by the White House and labor unions last month, is losing support from labor leaders, who say the proposal is too high a price to pay for the limited health care package they expect to emerge from Congress. But the White House is still urging Congress to adopt the excise tax as a way to help pay for President Obama’s ambitious health care proposals. With support for the tax eroding, Congressional leaders are searching for alternative sources of revenue” (New York Times, Tuesday)

Beware congressmen in search of revenue.

FEE Timely Classic
“Health Insurance Scam” by Sheldon Richman