Taxing health care
Published: Thursday, February 1, 2007 at 6:01 a.m.
Last Modified: Wednesday, January 31, 2007 at 10:57 p.m.
"The president's proposal would mean the end of employer-based benefits as we know it."
Paul Fronstin, researcher for the Employee Benefit Research Institute, on President Bush's new health care funding proposal.
It's been estimated that just half of the $200 billion Americans are spending each year on the war in Iraq, would finance a universal health care plan. President Bush now proposes to tax employer-provided health care plans in order to finance coverage for an estimated 3 million to 5 million Americans. The problem: There are now an estimated 39 million Americans without coverage. Taxing employer-provided health coverage would likely encourage some companies to stop providing coverage altogether. "It gives employers a way out of providing the benefits because their employees could get the same tax break on their own," Fronstin told the New York times last week.
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