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Taxing health benefits would lead to changes for majority of workers

(Business Courier) If the federal government begins taxing employee health benefits, workers might make some big changes, a survey shows. More than half of employees would either switch to a less costly plan, shop around or drop coverage, according to the Washington, D.C.-based Employee Benefit Research Institute.
Health insurance is the single largest tax break in the United States, as the Business Courier reported last week. If such plans were treated as ordinary income, the federal government would collect more than $250 billion more per year.
Taxing the insurance is “one of the options in play if lawmakers can ever agree on a budget deal to reduce federal deficits.”
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