Pelosi Considers Windfall Profits Tax On Insurance Companies

Speaker of the House Nancy Pelosi (D-CA)
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At a press conference today, House Speaker Nancy Pelosi said she is considering imposing a windfall profits tax on health insurers in order to pay for health care reform.

“I believe that all of the participants, whether it’s the insurance companies or the pharmaceutical industry, have much more they can put on the table to help reduce cost,” she said.

She said she’s asked Rep. Charlie Rangel (D-NY), chairman of the tax-writing Ways and Means Committee, to look into such a tax.

“When we see that, maybe that’s something we can put in the mix,” she said, warning that the idea is “very preliminary.”

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