Today's really dumb Republican idea.
According to the Washington Post, the Bush administration is looking to pay for some tax cuts by eliminating the tax credit that employers get for providing health insurance. It's on page two of this article.
Great. This is all we need. Once a few employers start pleading financial hardship, the whole thing could crumble. Health insurers have to be chomping at the bit because this will push people into personal plans, which carry a much higher margin.
To pay for those large tax cuts, the administration is looking at eliminating both the deduction for state and local taxes, and the business tax deduction for employer-sponsored health insurance. That would raise nearly $926 billion over five years, according to White House and congressional documents.
Great. This is all we need. Once a few employers start pleading financial hardship, the whole thing could crumble. Health insurers have to be chomping at the bit because this will push people into personal plans, which carry a much higher margin.






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