The Obama administration and major labor unions have reached an agreement on taxing high-cost health insurance plans. The tax would help fund expanding health insurance under the healthcare reform measure. But it had come under opposition for targeting insurance plans that unions have won in exchange for lower wages and benefits. Under the deal, union members would be exempt from the tax until 2018, five years after the health bill would take effect.
Obama, Unions Agree on Taxing Insurance Plans
HeadlineJan 15, 2010