A tax on employer-provided health insurance is likely to appear in the Senate Finance Committee’s health reform bill, which is expected to be released next week, reports The Washington Post. The chairman of the committee, Max Baucus, said that only employer plans that exceed $13,000 in value—the value of the basic health plan offered to federal employees—will be taxed to produce revenue to fund health reform, estimated to cost at least $1 trillion. The new tax would generate $420 billion over a decade, according to the Joint Commission on Taxation. Baucus also confirmed that he is considering other revenue sources, such as limiting medical deductions for wealthy families.
