Knotty issues ahead for insurance overhaul - Health care reform- msnbc.com Categories
NBC News
By Tom Curry
National affairs writer
msnbc.com
updated 2:25 p.m. ET, Thurs., Oct . 8, 2009
Tom Curry
National affairs writer
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Next week, the Senate Finance Committee will likely approve a bill designed to overhaul insurance, putting Congress another step closer to restructuring the nation's health care system.
But unresolved issues will confront senators when that panel's bill is melded with the health committee's legislation and when Senate negotiators square off with their House counterparts.
Here's a look at some of what remains to settled:
Will the final bill ditch the Senate Finance Committee?s tax on high-cost insurance plans in favor of a tax on high-income people?
The House Democrats' bill would get some of the money needed to pay for insuring the uninsured by raising taxes on people earning $350,000 or more.
This idea seems to have public support: in a Pew Research Center poll released Thursday, 58 percent of respondents favored hiking taxes on families with incomes of more than $350,000 as a way to pay for expanding health insurance.
House Speaker Nancy Pelosi said Thursday Democrats are weighing the idea of a windfall profits tax on insurance companies. She said Monday that Congress might also levy a value-added tax on goods and services, as is common in European countries.
The Finance Committee bill takes a very different approach.
It would get much of the revenue needed to pay for insuring the uninsured by imposing a new 40 percent tax on high-cost insurance plans. The target: so-called ?Cadillac? plans where the cost is greater than $8,000 for individuals and $21,000 for family coverage.
NBC News
By Tom Curry
National affairs writer
msnbc.com
updated 2:25 p.m. ET, Thurs., Oct . 8, 2009
Tom Curry
National affairs writer
? Profile
Next week, the Senate Finance Committee will likely approve a bill designed to overhaul insurance, putting Congress another step closer to restructuring the nation's health care system.
But unresolved issues will confront senators when that panel's bill is melded with the health committee's legislation and when Senate negotiators square off with their House counterparts.
Here's a look at some of what remains to settled:
Will the final bill ditch the Senate Finance Committee?s tax on high-cost insurance plans in favor of a tax on high-income people?
The House Democrats' bill would get some of the money needed to pay for insuring the uninsured by raising taxes on people earning $350,000 or more.
This idea seems to have public support: in a Pew Research Center poll released Thursday, 58 percent of respondents favored hiking taxes on families with incomes of more than $350,000 as a way to pay for expanding health insurance.
House Speaker Nancy Pelosi said Thursday Democrats are weighing the idea of a windfall profits tax on insurance companies. She said Monday that Congress might also levy a value-added tax on goods and services, as is common in European countries.
The Finance Committee bill takes a very different approach.
It would get much of the revenue needed to pay for insuring the uninsured by imposing a new 40 percent tax on high-cost insurance plans. The target: so-called ?Cadillac? plans where the cost is greater than $8,000 for individuals and $21,000 for family coverage.