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Keyword: insurancefatcats

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  • Dems give insurers tax break in final bill

    12/19/2009 11:37:11 AM PST · by jazusamo · 12 replies · 593+ views
    The Washington Times ^ | December 19, 2009 | S. A. Miller
    Senate Democratic leaders say last-minute changes to the health care bill include giving nonprofit health insurance companies an exemption from the excise tax on insurers, a revision pushed by Sen. Carl Levin, who is a major recipient of campaign contributions form mega nonprofit Blue Cross Blue Shield. The excise tax or fee on health insurance companies was expected to bring in $6.7 billion to help pay for the nearly $1 trillion bill, but the complete exemption for nonprofits sought by Mr. Levin, Michigan Democrat, would cut the revenue in half. "The health insurance fee proposal in the pending Senate bill...