Local health insurance companies and employee group advocates aren't sure what to make of George W's proposal to change the way we pay for health insurance coverage.
During his State of the Union address, Bush proposed giving a $7,500 deduction to single taxpayers and a $15,000 tax deduction to families who buy their own health insurance.
Taxpayers who buy individual health insurance would absolutely benefit from the proposal.
Those who can afford health insurance coverage but but aren't currently insured could also benefit but this group could account for less than 10 percent of the 45 million Americans who do not have health insurance.
For the majority of taxpayers who obtain their health insurance through their employer, the proposal means this benefit is now counted as income. This income would be tax-free up to the deduction amounts, but amounts exceeding the deductions would be taxable.
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