House eyes windfall tax on insurers for health bill

Wall Street Journal, October 9, 2009

House lawmakers are considering adding to their health overhaul bill a tax on insurance providers' windfall profits before the legislation comes to the House floor for a vote later this fall. The tax would be similar to a proposal in legislation pending before the Senate Finance Committee, although lawmakers said specifics of the tax haven't yet been discussed. House leaders are looking for ways to defray the costs of their plan to expand health-insurance coverage to millions.