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House Democrats considering insurance tax

Submitted by on 10 January, 2021 – 4:32 am
House Democrats are considering a security tax to help pay for their care plan review of health, although such funding system is bitterly opposed by the unions that are among the most loyal of the party.

House Speaker Nancy Pelosi, D-Calif., On Friday said a tax on the high cost of health insurance plans is “considered” as Democrats seek consensus within their ranks before taking a bill to the full House later this fall.

“We just have to see how much money is needed to do, and if we are taking the bill in the cost,” said Pelosi. “There are other provisions in the Senate bill that bend the (expenses) that the curve may be more acceptable. Let’s see.”

While Pelosi was noncommittal, an aide said that if the House does not include a tax on your insurance plan would probably be one more modest than the Senate Finance Chairman Max Baucus, D-Mont., Has been proposed.

The House Democratic plan originally called for raising income taxes on higher income people to pay to cover the uninsured. Baucus, however, has proposed a tax on high-cost insurance plans worth more than $ 8,000 for an individual policy and $ 21,000 for family coverage.

The defenders say security taxes would help reduce health care costs by encouraging people to be more cost-conscious consumers of health care. After all, the typical employer-sponsored by the family plan costs about 13,400 dollars a year and provides full coverage.

Some of the high-cost plans are so expensive because they come without copayments or deductibles, and cover every dollar spent on health care. Not all of them offered as “Cadillac” benefits, however. Some are very expensive because they are sold to companies with older employees or workers in high-risk occupations.

The unions say they have given up a higher remuneration, to ensure the benefits of better health care that are determined to keep. Insurers may try to pass the tax cost through higher premiums.

If House Democrats approve the insurance tax, be allowed to reduce the growth in income tax has been proposed.

Meanwhile, the Senate Finance Committee prepares to debate a central feature of the House plan – a government insurance program. The confrontation over the plan public in the commission supported the Conservatives are expected next week, as the discussion of health legislation continues.

Democratic Senators Jay Rockefeller of West Virginia and Chuck Schumer of New York say they want a full debate on whether the government should create a health plan to compete with private insurers and join middle-class workers and their families. So far, the Government has covered the elderly and the poor.

Rockefeller and Schumer waited his moment would come on Friday but with the committee moves slowly through hundreds of amendments to the sweeping legislation, public debate was pushed out plan.

The option continues to enjoy broad public support in opinion polls. But Baucus deliberately omitted in the far-reaching proposal was put before the panel this week, saying he did not think you can pass in the Senate.

Liberals are willing to prove him wrong. Regardless of how the battle goes, the battle is expected to continue in the Senate.

“Although the public plan may be a loser in the Senate Finance Committee, have no place,” said Schumer. “It will be a fight that goes all the way to the wire.”

Many Democrats see the government plan as a way to force accountability on what Rockefeller called “rapacious insurance industry. Conservatives see it as a step that inevitably leads to a takeover of the government – Medicare for all.

The Finance Committee is seen as a key testing ground, because it is dominated by moderates and conservatives in general, reflects the composition of the Senate.

Rockefeller and Schumer’s plan to offer slightly different versions of a public plan, aides said. Under the version of Rockefeller, the government would set the payment rates for hospitals and doctors. Schumer wants negotiated payment rates, similar to what private insurers use.

Baucus has proposed establishing a nonprofit co-OPS as an alternative to a government plan, an idea that liberals reject as useless. No Republican has expressed support for a public plan, while Senator Olympia Snowe of Maine says that using the threat of competition from government could be a good strategy to force insurers to keep premium costs down.

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