Senate Finance Committee Chairman Max Baucus (D-Mont.) said he would press the case for capping the tax break employers now enjoy on health benefits with President Barack Obama today, pushing an idea the president has been cool toward since the campaign trail.
I personally believe that with an appropriate limit on benefits, were going to begin to reduce overutilization in healthcare, Baucus told reporters at a White House news briefing. Overutilization is a big problem in America.
The senator, a leader on the healthcare reform front on Capitol Hill, said that many individuals are prone to overuse the healthcare system, in part, because there is no limit on the benefit package that an employer can provide to his or her employees. Capping the tax break for such benefits would not just stem some of that overuse, but also pump billions of dollars that could be parlayed into broader health reform efforts.
But White House budget chief Peter Orszag reiterated the administrations opposition to such a move. Its not in the presidents plan. It was not in our budget, he said. We are saying that we want the legislative process to play out.