Senate Finance eyes broad health bill expansion in hearing
Senate Finance Committee Chairman Max Baucus proposed changes to expand subsidies for families earning up to 400 percent of poverty and to limit insurer charges on older buyers. The plan would raise revenue via a 40 percent federal tax and reduce penalties for uninsured noncompliance, all targeting a $900 billion 10 year cost.
MENTIONED IN THIS ARTICLE
Washington
D.C
Senate Finance Committee
Max Baucus
D-Mont
Baucus
Congress
Jon Kyl
R-Ariz
Olympia Snowe
Maine
Snowe
Tax exempting consumer medical items shields condoms and lenses
Washington lawmakers debated a proposed tax on medical devices to fund uninsured health care. Democrats exempted items costing 100 or less, including condoms and contact lenses, while a 4 billion dollar levy on medical devices remained. Critics warned premiums could rise, though most everyday items escape tax.
MENTIONED IN THIS ARTICLE
Washington
D.C
Max Baucus
D-Mont
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