Democrats discuss taxing high-cost insurance plans
By The Associated Press
Comments
11
Published: September 26, 2009
WASHINGTON — House Democrats are considering a tax on high-cost insurance plans to help pay for the health care overhaul that tops President Barack Obama’s domestic agenda.
House Speaker Nancy Pelosi, D-Calif., said Friday the tax is "under consideration” as Democrats search for consensus before taking a bill to the House floor later this fall.
The House Democratic plan calls for raising income taxes on upper-income people to pay for covering the uninsured.
Senate Finance Chairman Max Baucus, D-Mont., has instead proposed a tax on high-cost insurance plans worth more than $8,000 for an individual policy and $21,000 for family coverage.
Proponents of the insurance tax, which Obama has endorsed, say it would help to lower health care costs by encouraging people to become more cost-conscious health care consumers.
House Democrats are struggling with getting their 10-year, $1 trillion-plus bill down to the $900 billion price tag Obama prefers. Major cuts could be required, but Democrats want to protect the subsidies their plan offers to low-income Americans to help them buy coverage.
Leave a Comment
News Photo Galleriesview all
Something to say about this topic? Submit a Letter to the Editor online
Thank you for joining our conversations on newsok. We encourage your discussions but ask that you stay within the bounds of our terms and conditions. Please help us by reporting comments that violate these guidelines. To review our rules of engagement, go to Commenting and posting policy.
Log in below or sign up (it's free).
for you spell checkers that love to use a typo for thier basis for a response...you are just above a zygote
Bailout Fannie/Freddie (Bush Admin)
July 23, 2008
Yes = Boren, No = All other OK Reps
No = Coburn, Not Voting = Inhofe
http://www.mixpoint.com/Thomas/RollCall2004.asp?type=TVotesh2008&issue=10&state=OK&paper=
http://www.mixpoint.com/Thomas/RollCall2004.asp?type=TVotess2008&issue=11&state=OK&paper=
Bailout Vote ($700 Billion TARP)
October 1, 2008 (Bush Admin)
Yes = Coburn
No = Inhofe
http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=110&session=2&vote=00213
October 3, 2008
Yes = Boren, Cole, Fallin, Sullivan
No = Lucas
http://www.mixpoint.com/Thomas/RollCall2004.asp?type=TVotesh2008&issue=12&state=OK&paper=
http://clerk.house.gov/evs/2008/roll681.xml
"Economic Stimulus" (Obama Admin - $700 Billion)
February 7, 2008
No = Coburn, Inhofe
Yes = Hutchison (TX will run for governor), Grassley (Iowa - AIG execs should commit suicide),
McCain (Liberal #2 that ran for president)
Yes = Boren
No = Cole, Fallin, Lucas, Sullivan
http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=110&session=2&vote=00010
http://clerk.house.gov/evs/2009/roll046.xml
He promised there would be no tax
Pelosi killed that with her ax
Mmm Mmm Mmm Barrack hussien Obama
I'm sick of you righties believing every piece of garbage lies people tell you. You should maybe cross reference all those BS conservative emails you receive or the filth Fux News, Crybaby Beck and pill-head Rush spew on Factcheck.org. Name ONE THING President Obama has done that is Communist!
Do you honestly think the President is trying to destroy America?!?!? Do you think this is all an evil plot? I suppose then too you believe the OKC bombing was a government plot, and Bush let 9-11 happen and that we faked the moon landing.