July 9, 2009
Posted: July 9th, 2009 11:11 AM ET

From

NEW YORK (CNNMoney.com) – Lawmakers searching for a way to pay for health care reform are facing some rough waters.

Very rough.

Sen. Max Baucus, chairman of the Senate Finance Committee, has said repeatedly that health reform would be paid for with a combination of spending cuts and tax increases.

Baucus and others have made some progress through savings in Medicare, Medicaid and other programs.

On Wednesday, for instance, Vice President Biden said hospitals would reduce costs by $155 billion over 10 years. But nothing is final until that deal between the White House and business - and a similar one reached with drugmakers last month - is written into legislation.

And on the revenue side of the equation, there is still no apparent consensus.

Full story

Filed under: CNNMoney.com • Health care


flybyshoeing   July 9th, 2009 12:51 pm ET

Campaign finance reform, NOW!!!! Tax the campaign contributions at 25%. That will pay for Healthcare.

Dennis   July 9th, 2009 12:48 pm ET

McCain had the audacity to say that someone would actually half to pay for universla health care and he was mocked by the Obama campaign. Funny that McCain knew more than the "all knowing one"

Mark of Saint Louis   July 9th, 2009 12:48 pm ET

The majority of Americans have good coverage that they don't want to lose. The system is broken but the radical changes and negative impact that the libs are proposing will hurt all of us. Libs should wake up and realize that the government plan is flawed. Do not listen to the lies by your leaders. All other socialized health care programs are failures. What makes you think that your government can provide you with a decent program?

flybyshoeing   July 9th, 2009 12:48 pm ET

Cut the services to the old (Medicare) and the poor (Medicaid) that sounds like a real winner to me, Argh!!!

Why not remove the income cap on taxes for the people who make over the capped amount. Wouldn't that bring in some money?

Independent Again   July 9th, 2009 12:47 pm ET

If Congress wants to tax people's heathcare benefits to pay for this, why are unions & their members along with Congress exempt fr this new taxation?

Why isn't Obama offering the same healthcare plan that he ( & memebers of Congress) currently has?

John & Annie S. Care to answer? Rather than pay $300/per mth for the best healtcare system in the world, you would rather pay more in taxes for substandard healthcare.

Stupidity does not even begin to describe both of u!

Waiting for 2010 for real change   July 9th, 2009 12:45 pm ET

For starters if Workmans compensation program were to be replaced with health care that would take care of every unisured worker. As an employer we pay over $600 per month to workmans comp for 1 employee. We cannot afford both. Health insurance makes more sense it covers any medical needs, where workmans comp only covers on the job injuries............and we have not had a claim in over 15 years!!

Scott L   July 9th, 2009 12:45 pm ET

Morons- – It is like the same dumb argument that liberals make about big oil companies. Just take their windfall profits and tax the hell out of them. They want to apply this to drug and pharmaceutical companies and health insurance companies as well.

LOL! If you do that, watch how fast those companies start using cheaper and cheaper chemicals that have a higher % of failure.

You are wishing for your own death warrant. I pay those companies because when I go in for surgery I know I am getting the best there is with the proper sanitation and disease control in place.

Imagine a texting metro train operator now responsible for sedating you before surgery...

Didn't think so MORONS.

Diana NJ   July 9th, 2009 12:42 pm ET

Those who complain about Washington trying to come up with affordable health care for all.... usually are the ones who have worked for the government/ Fed/State/City and have the health care covered by the tax payer anyway... They have no idea of the cost to families. Todate the beginning of July for the 3 of us our out go for health care is $17,000 between insurance payments and co pays.. If no one gets sick, it will mean our cost for health care will be $34,000 for the year.. and that is not counting the $2700 increase that will take effect in August. One of us has asthma and the others have nothing really wrong.
This is not affordable.

Karen   July 9th, 2009 12:41 pm ET

I like the health care I have and AM NOT interested in free health care for illegal immigrants. How will this "free" health care be paid for? Tax increases – we don't need it!

No one famous   July 9th, 2009 12:39 pm ET

Oh great, more taxes to pay! Why don't we take some of the tax money that we send to everyone else in the workd and spend it here in AMERICA on AMERICAN CITIZENS!

Melissa   July 9th, 2009 12:39 pm ET

I'd rather pay more taxes than continue with health care the way it is now. I'm terrified of something bad happening. I'd be out on the street or dead because of the massive bills the insurance companies are allowed to screw us with.

Tarheel   July 9th, 2009 12:35 pm ET

It amazes me that people are still shocked that the Democrats are going to raise their taxes. If you think you're paying a lot for health care now, just wait until it's "Free".

Mississippi Mike   July 9th, 2009 12:33 pm ET

"Spending cuts" don't ever really happen. The number of people who have a net tax payment in a given year is decreasing, by raising their taxes even higher the economy is going to get even worse. Obamanomics is terrible medicine for a very sick economy.

Idiot_Pelosi   July 9th, 2009 12:32 pm ET

You democratic idiots. Where do the hospitals save 150 Billion? It's quite simple, they don't have to cover the expenses of the uninsured illegals when the DUMOcrats raise our taxes to have insurance for every one, including illegal immigrants.

You save 150 BILLION because now the GOVT is paying that 150 BILLION, (even admiited by that dufus VP BIDEN in his speech).

This is a bunch of SALES PITCH hog wash.

Bend Over American, here comes the party of TAX and SPEND.

I laugh at comrade Limbaugh daily   July 9th, 2009 12:30 pm ET

@suckerpunched.Good for you,someone had to do it and wake you up.hahahaha

Kevin in Ohio   July 9th, 2009 12:30 pm ET

The short-sightedness of people never ceases to amaze me.... tax the heck out of the insurance companies.... yeah, that will raise money. I'm here to tell you that the health insurers will no longer exist...simply because there will be no way for them to compete or, yes, make a profit.

What people are forgetting when they demonize rich people, insurance companies, and anyone else who pays the burden..... is that sooner or later, they will be taxed out of existence. I myself am leaving a high paying job in exchange for not only more leisure time, but to avoid paying outrageous taxes that are sure to be heaped on me otherwise. Sorry, folks.... I aint payin' for those of you who won't.

Idiot_Pelosi   July 9th, 2009 12:29 pm ET

Here we go again. Dumocrats want to raise TAXES to pay for their socialist plans.

Well, let's have a bill where DEMOCRATS pay more in taxes since that is what they want to do.

Forget OBUMMER, I'm going to cheat on my taxes big time. I will not pay anymore taxes or FEES. Where I do pay more in fees, I will find a way to CHEAT on my taxes.

Raise DEMOCRATS taxes by 5%.

Ken   July 9th, 2009 12:24 pm ET

Any basic study of economics will demonstrate that as you remove resources from the economy (taxes), those resources are no longer available for productive use (business generating value and paying employees), and the standard of living for everyone declines. Guess what, the decline is just getting started, and the big O wants to accelerate it.

The more poverty, the more misery, the more the non-tax paying voters depend on the government for bread crumbs, the more securely the Democratic party holds power. This health care shell game is just one more liberal piece designed to enslave the population to the governemet.

jeff   July 9th, 2009 12:23 pm ET

All govenments LIE
Regan, Nixon, Bush 1 and 2 , Clinton and now Obama.
They say they will pay for health care reform through new taxes and savings.
Well the new taxes will be levied and paid for by the majority in the USA that is the poor and middle class.
The savings will never happen.
When was the last time anything the government did actually cost less or the same as whet they say.
It usually has billions upon billions in overruns

Fair is Fair   July 9th, 2009 12:22 pm ET

Terry, Butte, MT July 9th, 2009 12:09 pm ET

Paying for it is easy…. Take the profit out of Health Care Insurance. That will cut the Health Care costs by 30% alone. People will not be burdened with High Premiums, High Deductables, and Co-Pays.
_______________________

Typical health insurance company profit margin is 4% of premiums collected. How did you come up with 30%?

Stuffit   July 9th, 2009 12:21 pm ET

Sen. Max Baucus, chairman of the Senate Finance Committee, has said repeatedly that health reform would be paid for with a combination of spending cuts and tax increases.

Stand back folks, I think we have a genius on our hands!

How else would you pay for it, Barney Frank's good looks?

kenneth   July 9th, 2009 12:20 pm ET

The best solution to paying for health and keep many peoples taxes from going is to legalize the sale of marijuana and tax that high right out the gate. noone would complain about paying that tax and i am sure that would cover a large portion of the cost of healthcare. if politicians are willing to take bold steps for health care.

Richie   July 9th, 2009 12:19 pm ET

SINGLE PAYER health care with bonus plans for the rich and famous (taxed!). Stop the madness.

Robert J   July 9th, 2009 12:19 pm ET

I think it's time for the President and the Democrats to step back , take a deep breath, and realize they cannot do immediately everything they might like to do. It took 15 plus years of Republican lies, stupidity, graft, deceipt and outright thieveryto get where we are today. If handled correctly (and i believe it will be)the Democrats will have many years to straighten out the mess the repubs have created. Let's not screw things up by trying to do too much too fast.
I'm 65 and even I can be patient. Change does not have to occur overnight!

Daisy   July 9th, 2009 12:16 pm ET

There is no way to avoid raising taxes; the money has to come from somewhere. That is a done deal. However, how about raising taxes on fast foods (AKA fat foods), alcohol and cigarettes? These are all harmful to our health if not used in moderation. This is a small price to pay for a national health care plan.

Jimmy   July 9th, 2009 12:14 pm ET

Searching for a way to pay for healthcare always ends up in our pockets looking for any loose change. You can think the rich will pay for everything, but gotta wonder that maybe they are running out of money to pay for all the losers who can't take care of themselves!! By the way the rich will be defined as middle class.

chemdaug   July 9th, 2009 12:12 pm ET

Something this large should be put to a popular vote. Let us decide the way we get the care we need. But that's the problem with this system...we can't. We have to put all our trust into some idiots who have no grasp of what is going on in the U.S.

Beverly   July 9th, 2009 12:09 pm ET

Taxing is not the only area we should look at. Let's look at the HMOs, insurance companies, and other related businesses. Let us look at the medical community itself. Also, let's look at the other businesses that provide services for the medical community. You can't get blood from a stone!

Terry, Butte, MT   July 9th, 2009 12:09 pm ET

Paying for it is easy.... Take the profit out of Health Care Insurance. That will cut the Health Care costs by 30% alone. People will not be burdened with High Premiums, High Deductables, and Co-Pays.

I would gladly pay a little higher taxes than have both me and my employer pay between $500 and $1200 per month for my families health.

And get Wall Street out. My health is not a commodity to be bought and sold on Wall Street.

How profitable is your Health?

Steve in Las Vegas,NV   July 9th, 2009 12:08 pm ET

Somewhere there will be a tax for all this. It just might be disguised as something else, or be put on something else.

Karan   July 9th, 2009 12:08 pm ET

We would not be so in debt in Medicare & Medicad, if not for USA paying for all the ill-legals health problems. They don't pay tax, they aren't suppose to be here. Set up some bombs at the borders, maybe that will make them notice, that we are not going to take care of them. They won't take care of USA citizens, that do not have Insurance. We the Americans born here or the honest people who came to America the proper way.

Dave in Illinois   July 9th, 2009 12:08 pm ET

The financing of health care is a political shell game where the same dollars are saved but they keep appearing under different shells.

It's hard to understand where hospitals that are continually crying over late and insufficient medicare/medicaid payments can now come up with $155 billion over 10 years. With ~7500 hospitals in the US, my math says that works out to about $2 million per hospital per year of savings.

In most industries savings are realized by firing people so how many people will be laid off to support that $155 billion?

Neilz   July 9th, 2009 12:08 pm ET

If Max Baucus increases the payroll tax on Montana workers, some of the lowest paid in the nation, to line the pockets of big business and special interests, he better not come home.

Henry Miller   July 9th, 2009 12:07 pm ET

"And on the revenue side of the equation..."

Working people already pay enough for their own health care–I pay hundreds of dollars every month for my employer-sponsored health insurance, not to mention the couple thousand I just shelled out for my daughter's torn-ligament surgery–without being soaked to pay the medical bills of people too irresponsible to pay their own.

Sandra   July 9th, 2009 11:59 am ET

They shouldn't even threaten employers with taxation to cover health care, that will for certain cost MORE JOB LOSS! When will the Democrats learn that tax and spend is NOT the solution for economic recovery? NEVER!!

Scott, Tucson   July 9th, 2009 11:58 am ET

Hold onto your wallets America, here comes the thieves from D.C. and in the mean time, congress have exempt themselves from the very health care program that they're trying to force us into.

Dutch/Bad Newz, VA   July 9th, 2009 11:58 am ET

If they can insure 46 million Americans for less than a trillion dolllars I'll be satisfied.

Retired US ARMY   July 9th, 2009 11:58 am ET

Whats wrong with health care in this nation? At one time, in our not so far past we were the leaders in health care, infant mortality and longevety led the way. Today we are advancing, but only in cost all other stats are headed in the wrong direction. Why do people go into medicine should be looked at, years ago people entered medicine to help people. They had their practice, today they enter for what reason, money, the old family doctors are gone, the doc that came to you when you were sick is gone, the country doctor that might collect his bill with a chicken, a loaf of bread or a jar of jelly are gone. Today the dollar rules the roost. Limited number of medical school slots, exessive schooling costs and a total refusal to look at those programs that other industrial nations use to provide medical care escape the American public as medical lobbist call the shots in Washington.

We need medical schools that will admit individuals that want to be doctors, we need a way of putting students through medical schools and we need doctors that are going into medicine to help people not to gain membership in the coutry club and have a reserved tee time.

JGB   July 9th, 2009 11:57 am ET

Please quit digging in my pockets for my last dime!! Middle class will become poverty level before Obama and friends are finished with us. This is change I could do without! Everyone should pay for their own health care coverage, what is so unreasonable about that concept?

annie s   July 9th, 2009 11:57 am ET

Again and again, I don't CARE what this will cost or how it will be paid for, because the cost of not enacting serious reform will be much higher and may eventually bankrupt this country. Get it Done legislators!

Sucker punched by Obama   July 9th, 2009 11:53 am ET

Surprise, Surprise new taxes from the man who said tax breaks for everyone making under 250,000. Lots more to come!

John   July 9th, 2009 11:53 am ET

Republicans really treat Americans as if we're a colleague in Congress....we're smarter.
I pay my medical insurer every month a premium, if we pass a health care bill of course I'm going to pay a higher tax rate, but I won't have to pay that $300.00 a month premium to a private insurer. The republicans are hoping Americans are stupid, and that this fact isn't understood by the average Jane and John.

SLM   July 9th, 2009 11:52 am ET

Obama promised those without healthcare they could join his healthcare plan.........................so where do we sign up?

JB   July 9th, 2009 11:51 am ET

Let me explain something to all of you lemming liberal brainchildren. In order to give something "free" you have to pay for it. That means paying for it thru taxes, or borrowing even more money. Nothing is for free. I know you would all be for taxing the "rich", but, that is not fair, and will only make the "rich' pack their bags and leave (figuratively, such as moving corporations etc). If Obama continues to do that, we will have a major class warfare on our hands. Open your eyes, and don't just blindly follow this guy who wants the government to run everything. Eventualy the dollar will be worth nothing, and then you will see internal strife.

Enough   July 9th, 2009 11:51 am ET

What's wrong with having reasonable premiums paid for by the people who are using the plan.........kind of like auto insurance? Why should the so called rich keep paying for everyone else, everyone should pay for themselves. What a novel idea! Newsflash – The definition of rich is being redefined by this administration, so watch out.

survival of the most fit   July 9th, 2009 11:44 am ET

screw the population

those with millions live, those with out... let them fight it out

how republican of me

Comments have been closed for this article

subscribe RSS Icon
About The Ticker

The latest political news from CNN's Best Political Team, with campaign coverage, 24-7. Sign up for our twice daily Ticker emails. Got a news tip or feedback? For complete political coverage, bookmark CNNPolitics.com.

CNN=Politics Screensaver

CNN=Politics ScreensaverTap into the power of The Situation Room. Download this powerful new tool that keeps you posted on the latest political news from the campaign trail.
Download (4.1 MB, PC only)

twitter
@KuhnCNN: Rick’s List: A New, Twitter-Happy CNN Show Anchored By Rick Sanchez? http://www.mediaite.com/ozjwx
Updated: Tue, 22 Dec 2009 09:18:37 -0800
@psteinhauserCNN: Freshman House Democrat from Alabama to switch to Republican Party, sources telll CNN - http://bit.ly/4pXIzB
Updated: Tue, 22 Dec 2009 08:43:21 -0800
@KuhnCNN: RT @RickSanchezCNN: Hey guys, new CNN show beginning Jan 18th, weekdays 3-5pm ET. "Rick’s List"- Who will make the list?
Updated: Tue, 22 Dec 2009 08:10:12 -0800
@wolfblitzercnn: New SitRoom start time. Beg. mid-Jan, we're on 5-7p ET. Our excellent team can focus on 2 solid hrs. Less becomes more.
Updated: Tue, 22 Dec 2009 06:45:58 -0800
@psteinhauserCNN: New CNN Poll: Tiger Woods' standing with Americans takes a big hit but there appears to be a big racial divide - http://bit.ly/6dW44s
Updated: Tue, 22 Dec 2009 05:28:45 -0800
Categories
Powered by WordPress.com VIP