Tax Relief In Bankruptcy Bill Is Good News For Uncovered Americans

Feb 04, 2000

FOR IMMMEDIATE RELEASE

February 3, 2000

CONTACT: Carrie B. Tydings

(202) 824-1786

E-mail: ctydings@hiaa.org

The following statement was released today by Chip Kahn, president of the Health Insurance Association of America (HIAA):

The Health Insurance Association of America (HIAA) commends the Senate for passing provisions in the Bankruptcy Bill that provide tax relief for individuals purchasing health and long-term care insurance.

We would also like to commend Republican Senate Budget Committee Chairman Pete Domenici (R-NM) for spearheading the inclusion of the important long-term care and health insurance provisions in the Bankruptcy Bill. By passing these provisions, the Senate acknowledges that cost is the biggest obstacle many Americans face when purchasing health and long-term care coverage. Tax relief is an important component of HIAA's InsureUSA proposal to provide coverage to the nation's uninsured, and we are very pleased that provisions in the Bankruptcy Bill will move us toward that goal.

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