Obama Says House Looks to Back Healthcare in July - Healthcare * US * News * Story - CNBC.com "Senators also are considering limitingâ€”but not eliminatingâ€”the tax-free status of employer-provided health benefits. Employer-provided health insurance technically is considered part of workers' compensation, but unlike wages, it is not taxed. The forgone revenue to the federal government amounts to about $250 billion a year. So even if they're lucky enough to avoid going to the doctor or hospital, and never use their job-based health insurance, some Americans may find themselves paying taxes on at least part of its value. The president adamantly opposed such taxes during the campaign, arguing they would undermine job-based coverage. Obama's aides now say he's open to suggestions from Congress, even if he criticized Republican presidential rival John McCain for proposing a sweeping version of the same basic idea. Baucus said he wants to modify the tax break, not abolish it. "We are not going to repeal it," he said. Baucus suggested that the benefit could be limited by taxing health insurance provided to high-income individuals, although he did not specify at what income levels." --------- I'd put money (literally) that obama will be reaching into my bank account on this one. I can't want to see what is considered a "high-income individual". My wife and I are both engineers so we make good money combined but certainly solidly below the supposed cutoff for "rich" of $250K mentioned in the obama campaign. Get ready, boys and girls, more taxes are coming and it won't just be the rich.