House Health Care Bill is Right on the Money (12/18/09)

An article by Josh Bivens and Elise Gould of the Economic Policy Institute compares the House health care reform bill, passed November 7, and the Senate Bill, which was introduced on November 18 and is still being considered by the Senate. The article makes the case for taxing very high incomes, as in the House bill, versus taxing so-called "Cadillac" insurance plans, which would tax health care insurance with high premiums, which could end up costing middle-class Americans millions of dollars.
 
According to the article, the House tax would raise far more revenue for the government, while affecting only the top 1 percent earning Americans, while the Senate excise tax would affect many more Americans, and not only those with exclusively high value plans.
 
Read the article here