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Obama Pushes Tax On Insurance Plans

From a joyous New York Times:

Obama Urges Excise Tax on High-Cost Insurance

By DAVID M. HERSZENHORN

January 6, 2010

WASHINGTON — President Obama told House Democratic leaders at a meeting on Wednesday that they should include a tax on high-priced insurance policies favored by the Senate in the final version of far-reaching health care legislation, aides said.

The White House has long expressed a preference for the excise tax on high-cost plans, which health economists say could be an important tool in controlling long-term health care spending for the government and for individuals and families.

A tax on insurance plans is an important tool for controlling healthcare spending for both the government and people?

How so?

But House Democrats have resisted the idea, which is also strongly opposed by many organized labor groups — an important part of the party’s base — because the tax may hit a number of more generous union-sponsored health plans.

The Senate proposal would impose a 40 percent excise tax on the cost of individual insurance policies above $8,500 and on family policies above $23,000, with higher thresholds for retirees and employees in high-risk fields like police officers.

And higher thresholds for reliable Democrat constituencies, such as union groups.

The tax would raise $149 billion over 10 years, according to the Congressional Budget Office. The Senate bill would cost $871 billion over 10 years, while the House bill would cost nearly $1.1 trillion.

Does anybody really believe these numbers?

The [White House] budget director, Peter R. Orszag… has repeatedly extolled the potential economic merits of the proposed tax on high-cost insurance plans, as well as an independent agency to recommend potential government savings in Medicare…

Where does Mr. Orszag find the time?

From the inimitable New York Post:

White House budget director ditched pregnant girlfriend for ABC News gal

By RICHARD JOHNSON, JEANE MacINTOSH, and GEOFF EARLE

January 6, 2010

President Obama’s budget guru has a secret love child — with the woman he jilted before hooking up with his hot new fiance, The Post has learned.

White House budget director Peter Orszag’s ex, shipping heiress Claire Milonas, gave birth to little Tatiana Zoe in New York Nov. 17. That was just six weeks before Orzsag and ABC news babe Bianna Golodryga gleefully announced their engagement on national TV and in the press.

Orszag and Milonas, the daughter of New York-based Greek shipping magnate Spiros Milonas, were a serious item when he met the stunning Golodgryga at the White House correspondents’ dinner.

‘‘Claire told Peter she was pregnant, and he said he’d marry her — and then something went wrong,’’ a source close to the situation told The Post.

‘‘Orszag knocked up (Claire) and now is dumping her to marry Bianna,’’ another insider said.

Orszag and Milonas released this statement:

"We were in a committed relationship until the spring of 2009. In November, Claire gave birth to a beautiful baby girl. Although we are no longer together, we are both thrilled she is happy and healthy, and we would hope that everyone will respect her privacy."

Claire’s family and close-knit inner circle were stunned by Orszag’s boorish behavior — and her tycoon dad, 82, hit the roof.

‘‘He had to be calmed down,’’ recalled one close family friend.

Milonas, a brainy Yale grad and Harvard MBA who had her own venture capital firm, was three months pregnant when Orszag kicked her to the curb…

Does either the House or Senate bill contain any provisions for out of wedlock babies from jilted heiresses?

By the way, note that Mr. Orszag is marrying into his own tribe – a mainstream journalist.

What’s the line from the song ‘A Boy Like That,’ from the musical ‘West Side Story’?

Stick to your own kind!

This article was posted by Steve on Thursday, January 7th, 2010. Comments are currently closed.

8 Responses to “Obama Pushes Tax On Insurance Plans”

  1. BillK says:

    Rush just played Obama’s campaign ad pointing out that “McCain wants to tax your healthcare benefits.”

    Where are the Republicans other than Rush pointing out this and Obama’s complete ignorance of his C-SPAN promises?

  2. proreason says:

    Who could have imagined that the little boy king would approve of any kind of tax, no matter one on insurance companies that will force them to lower their profit margins so that their customers aren’t affected.

    But you know, I just don’t think Obamy’s voters in Detroit are going to get too exorcised about it.

    We’re lucky to have so many rich people in this country who don’t mind taking care of people who are less fortunate than themselves, even if it is at the point of a gun.

  3. swee says:

    my guess is that the AP knew about the Orszag scandal for a while…but waited to write a story until an official press release from the WH budget director. Typical AP-Obama.

  4. nascarnation says:

    Orszag has a toupee that looks like it came from the clearance rack at Kmart.
    And he dumps a mega rich chick for a newsbabe.
    Obviously power has its attractions, LOL

  5. retire05 says:

    Wonder how all those CWA members who work for AT & T feel now? Last year, AT & T released the figures of what it costs to insure each employee. $10,083 per year, not including spouses or children.

    Now, assuming that the greedy Dems will tax only that amout exceeding $8,500 a year, these union workers whose insurance is provided by the company and not the union, will be paying 40% a year in taxes on $1,583 in benefits for an added tax burden of $633.00.

    Hope the CWA is proud since they spent so much time and money getting Obama elected.

  6. U NO HOO says:

    Forest Gump must have some short sweet summary of the situation.

    “Orszag has an ex? He’s lucky to have a now.”

  7. canary says:

    Almost mafia like.

  8. Rusty Shackleford says:

    “Obama Pushes Tax On Insurance Plans”

    Now, watch the pea, keep your eye on the pea. Where’s the pea?


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