RSSRevision gives nonprofit insurers tax breaks
From: The Washington Times | December 20, 2009
Among the changes Senate Democratic leaders made to the massive health care package unveiled Saturday was giving nonprofit health insurance companies a limited exemption from the excise tax levied on insurers, a revision pushed by Sen. Carl Levin, who is a major recipient of campaign contributions from mega-nonprofit Blue Cross Blue Shield. The excise tax, or fee, on health insurance companies was expected to bring in $6.7 billion to help pay for the nearly $1 trillion bill, but the exemption for nonprofits won by Mr. Levin, Michigan Democrat, could cut the revenue by as much as half. It was unclear ...
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