Congress at Odds on How to Pay for Health Reform
side note: We hope the Senate and House comes up with a good idea that they both agree on. These types of plans end up looking completely different when they leave both chambers. We at MyMedicalMalpracticeInsurance.com hope that with the help of a “real” plan, physicians will get some much needed relief on their malpractice insurance rates. Especially in states with high premiums like Illinois, Ohio, Florida…etc.
With the cost of health reform estimated to be as much as $1.6 trillion over the next 10 years, the issue of how to pay for it is not surprisingly a sticking point among lawmakers.
Although some House leaders had been considering a tax on employer-provided health benefits, that idea appears to have been abandoned in favor of an income tax surcharge of at least 2 percent on individuals who earn more than $250,000 a year. Other ideas that have been considered include a sales tax on sodas and other sugary drinks and a new payroll tax.
Meanwhile the Senate seems to leaning towards a plan that would limit tax deductions and tax employer-provided health plans worth $25,000 or more a year.
Both the House and Senate are expected to introduce bills on health reform and health reform financing next week.