No big surprise there. Sensing such opposition, Committee Chairman Max Baucus, D-Mont., never even included that option in his preliminary proposals.
Another item not in either of the chairman's marks, or working documents, was the long-rumored tax on cosmetic surgery procedures, or the Bo-Tax as legislative punsters tagged it.
But some say, according to the California Healthline newsletter, that 'Bo-Tax' as Funding Mechanism Still Under Consideration.
The Botox-plus tax didn't get very much support when it was floated months ago, but as lawmakers focus on the dollar signs, the proposal is looking better and better, reports Congress Daily. A recent analysis by the Joint Committee on Taxation found that a 10 percent excise tax on elective nips and tucks would generate about $10.9 billion over 10 years.
The tax wouldn't apply to "surgeries or procedures to ameliorate a deformity arising from, or directly related to, a congenital abnormality, a personal injury resulting from an accident or trauma, or a disfiguring disease."
I couldn't find the Bo-tax referenced in either Baucus' revised chairman's mark or the long list of amendments that the Finance Committee is still plowing through. But I wouldn't be surprised to see it reappear as the funding discussions continue.
Taxing Cadillac plans: Another funding mechanism that's beginning to look like it will stay in the Senate bill, and reportedly getting some positive reviews from House members, too, is the tax on insurers who offer expensive policies.
These so-called Cadillac plans would cost the insurance companies a hefty excise tax; 40 percent is the latest proposed rate. The problem is that the proposal, created to affect high-earners who could afford such policies, could also cost folks whose health care coverage is more of a Chevrolet Malibu than a Cadillac.
I discuss Cadillac vs. Chevy coverage and potential taxation in more detail in my other blog, Eye on the IRS, that I write for Bankrate.com. You did notice that big ol' eyeball logo (and blog link) staring out at you there in the right column, didn't you?
He said, She said: Finally, in case you missed it, Senate Finance Committee debate touched on the sensitive issue of motherhood last week.
Seems Sen. Jon Kyl, R-Ariz., didn't want to pay for maternity care. But Sen. Debbie Stabenow, D-Mich., had a quick comeback to Kyl's complaint.
Stabenow's position prevailed.