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Politics : A US National Health Care System?

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To: Peter Dierks who wrote (4262)2/4/2008 9:29:12 PM
From: Peter Dierks  Read Replies (2) of 42652
 
Bush to Propose Health Insurance Changes
NewsMax.com Wires
Saturday, Jan. 20, 2007

WASHINGTON -- President Bush will propose in his State of the Union address a tax break for people who buy their own health insurance and a limit on how much coverage individuals can receive tax free at work.

The proposal to be announced Tuesday offers a tax deduction to people who purchase coverage and urges those with generous plans to either embrace cheaper insurance or pay taxes on part of it, according to a Bush administration official familiar with the proposals.

If passed by Congress, the plan would be the first time that workers could get a tax break for buying their own insurance. At the same time, it would be the first time that some employer-provided health care benefits could be taxed.

Bush also will announce steps next week to take some federal money now going to hospitals and institutions and give it to states for programs to reduce the number of uninsured people.

The cost of health care is growing more than two times faster than wages, making it harder for families to buy insurance and for employers to sponsor a health benefit for workers, Bush said Saturday in his weekly radio address.

"Our challenge is clear: We must address these rising costs, so that more Americans can afford basic health insurance," Bush said. "And we need to do it without creating a new federal entitlement program or raising taxes."

Further details of the two proposals were to be announced in the State of the Union address.

URL:http://www.newsmax.com/archives/articles/2007/1/20/133154.shtml?s=lh
From: Still believing of 25718
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