House Democrats considering insurance tax
WASHINGTON (AP) - House Democrats are considering a tax on high-cost insurance plans to help pay for health care overhaul that tops President Barack Obama’s domestic agenda.
House Speaker Nancy Pelosi, D-Calif., said Friday the tax is “under consideration” as Democrats search for consensus within their ranks before taking a bill to the House floor later this fall.
“We just have to see how much money we need for what,” Pelosi said. “And if we’re taking the bill down in cost, there are other provisions in the Senate bill that bend the (costs) curve that might be more palatable. We’ll see.”