Senate Finance Committee Chairman Max Baucus will seek to make insurance more affordable for low- income people and may scale back a proposed tax on high-end health plans to win support for an overhaul of the system.
The Montana Democrat, whose health-care proposal drew fire last week from both parties, will expand subsidies for people trying to obtain coverage through an online exchange, said Senator Kent Conrad, a finance panel member. He is also likely to cut back an excise tax on so-called Cadillac plans so fewer people would be affected, a critical issue for labor unions.
Great idea, Max. Increase benefits and cut offsetting revenue streams. That'll win 'em over.
Why is it that we want things, but we're not willing to pay for them? This recycled story is getting depressing. We want something, so the politicians promise it. So, they propose ways to raise money to pay for it. So, people complain. So, the politicians say "Okay, never mind that raising money to pay for it stuff. We'll just give you the stuff. If we need money to pay for it, we'll print it. Just please vote for me. Pleeeeease..."
Can you imagine if individuals ran their finances like that? Oh wait, they do. That's why we had the credit crisis. Gee, I wonder where they take their cue from?