Roth’s Tax Plan Would Help Millions Buy Health And Long-Term Care Coverage

Jul 12, 1999

FOR IMMEDIATE RELEASE

July 12, 1999

CONTACT: Richard Coorsh

(202) 824-1787

rcoorsh@hiaa.org

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

Recently, the Health Insurance Association of America released InsureUSA, a proposal to provide coverage to millions of Americans who currently lack health insurance. A key component of InsureUSA is a 100 percent tax deduction for people who buy their own health coverage. Additionally, HIAA has been a staunch advocate of a 100 percent tax deduction to help people buy private insurance coverage to finance their future long-term care costs.

Senator William Roth, Chairman of the Senate Finance Committee, today announced a bipartisan proposal that would extend these deductions for people who buy their own health insurance and long-term care insurance.

We commend Senator Roth for his deep concern for the millions of Americans who desperately need health and long-term care insurance. We are also gratified that Senator Roth’s proposal represents the first step toward advancing the kind of constructive tax reform envisioned by HIAA’s InsureUSA proposal.

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