(Bloomberg) Republicans are looking at capping a health insurance tax exclusion used by employers that’s worth hundreds of billions of dollars a year, as a way to pay for changes to the U.S. health-care system, four members of Congress said Thursday after a party meeting on Capitol Hill.
The proposal, still under development, would limit the amount U.S. employers can exclude from workers’ taxes for the health insurance benefits they provide. Excluding premiums from taxes was worth about $250 billion in foregone tax revenue in 2013, according to the Congressional Budget Office. Some health economists have argued that the exemption artificially drives up health spending.
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