Summary of Senate Finance Committee Report on Health Care Financing Options

This report summarizes the May 2009 Senate Finance Committee’s proposed option for reforming health care financing. The three areas of proposed funding reforms are reductions in current health care spending; reevaluation of health tax subsidies; and changes in non-health tax provisions, such as imposing alcohol and sugar-sweetened beverage excise taxes. The proposed option reveals what areas the Finance Committee prioritizes during health care finance reform and where cuts are recommended.