New outline for health care

The proposal backed by Sen. Max Baucus, chairman of the Senate Finance Committee, requires most individuals to purchase coverage.

The new outline would require higher out of pocket costs for individuals.

It would require all individuals to obtain health insurance and force employers to offer health care to their workers.

The outline did not specify how the government’s costs would be covered, although Baucus favors a tax on certain employer-provided health benefits.

List of possible tax increases to pay for expanded health care.

*raising the Medicare tax.

*slapping a 10-cents-per-can increase on sweetened drinks,

*raising the alcohol tax.

*imposing a new payroll tax on employers equal to 3 percent of their health care expenditures.

*taxing employer-provided health insurance benefits above certain levels.

* Applying a potential 2 percent income tax increase to single taxpayers earning more than $200,000 a year and households earning more than $250,000.

With cuts to Medicare and Medicaid covering the rest of the cost.

Baucus supports a tax on health benefits.

Democrats are eager to exempt union contracts from the proposed tax.

Also under consideration was a value added tax, a sort of national sales tax, of up to 1.5 percent or more.

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One Response

  1. Government needs to stay out of health care.
    http://planotexaspolitics.wordpress.com/

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