12.11.09

Dem vs. Dem: Tax On Insurance Companies Vs. Tax On Customers

SEN. DICK DURBIN (D-IL): “The Fact Is It's A Tax On The Health Insurance Company.” “All we hear from the other side is, oh this bill is going to raise taxes. Well it does raise some. It raises taxes on health insurance companies for what we call Cadillac health care policies. We can debate for a long time whether that level of policy, $25,000, is a reasonable level or it should be something different. But the fact is it's a tax on the health insurance company.” (Sen. Durbin, Floor Remarks, 12/11/09)

SEN. SHERROD BROWN (D-OH): “And Though This Appears To Be A Tax On Insurance Companies, We Shouldn't Be Fooled. Insurance Companies Are Likely To Pass These Costs On To Their Customers, Forcing Employers To Pay Higher Premiums And Encouraging Employers To Cut Or Limit Coverage.” (Sen. Sherrod Brown, Floor Remarks, 12/11/09)

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