Freedom News- Baucus Markup- GROVER NORQUIST- excise tax adds backdoor cost to customers

15. October 2009 by admin.

Baukus Markup- Senate Bill- GROVER NORQUIST- excise tax adds backdoor cost to customers

From http://www.investors.com/NewsAndAnalysis/Article.aspx?id=508916

Senate Bill Taxes Your Current Health Plan

By GROVER NORQUIST Posted 10/13/2009 07:03 PM ET

….excise tax would be paid by the insurance companies, which would have little choice except to pass along the cost to customers.

Imagine for a moment that you are a 54-year-old employee of a large company in a higher-cost state.

You and your wife’s health isn’t what it used to be and, of course, the kids need health insurance too. Even though it’s a bit more expensive, you decide to sign up for the high-end plan at work.

This is your current health insurance plan.

The Obama-Baucus bill wants to tax it at a 40% rate. How on earth would it remain unchanged, as the president has claimed?

It gets worse.

Read More http://www.investors.com/NewsAndAnalysis/Article.aspx?id=508916

Senate Bill Taxes Your Current Health Plan

By GROVER NORQUIST Posted 10/13/2009 07:03 PM ET

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