LOCAL INSURANCE PLANS THREATENED BY FEDERAL HEALTH CARE TAX PROPOSAL

SEPTEMBER 22, 2009:
Senator Max Baucus, chairman of the powerful Senate Finance Committee, has submitted a
health care reform package to his Committee, which will debate the issue in the
coming week.

A key measure in the Baucus's proposal would place a 35% tax
on so-called Cadillac" insurance plans. The proposal, which is backed in
concept by President Obama, seems simple enough on the surface.

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