Insurers Expect Big Hit in Final Health Bill - Posted 1.7.10

WASHINGTON -- The health-insurance industry's top lobbyist estimated Thursday that insurers will face up to $225 billion in new taxes and fees under a final health bill.

Insurance companies are pressing lawmakers to peel back a new tax on high-value insurance plans that President Barack Obama wants to include in the final bill. They also want to delay an across-the-board tax so it doesn't kick in until the government begins distributing new subsidies to help lower earners buy insurance.

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