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Author Topic: Obama Economic Advisor Touts 'Cadillac Tax' as No. 1 Cost Saver  (Read 808 times)
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JohnBrowdie
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« on: October 26, 2009, 03:18:06 PM »

this isn't going to make the dems' masters in the AFL-CIO happy.  and the unions are getting everything they want out of this administration, so this is almost definitely going away.

Quote
Obama Economic Advisor Touts 'Cadillac Tax' as No. 1 Cost Saver

President Obama's chief economic forecaster went to bat on Monday for a tax on high-priced insurance plans, the so-called "Cadillac tax," calling it "probably the number one item that health economists across the ideological spectrum believe is likely to stem the explosion of health-care costs."

"The Senate Finance Committee bill includes a tax on high-priced insurance plans, suggested by Senator Kerry. A policy along these lines, designed carefully, will encourage both employers and employees to be more watchful health care consumers," said Christina Romer, the chair of the Council of Economic Advisors, in a noontime speech to the liberal Center for American Progress in Washington, D.C.

"It will discourage insurance companies from offering high-priced plans that would otherwise eat up larger and larger shares of workers' wages," she continued. "A policy such as this is probably the number one item that health economists across the ideological spectrum believe is likely to stem the explosion of health care costs."

Romer's full-throated endorsement of the "Cadillac tax" keeps the Obama administration at odds on this issue with some of its closest allies.

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