Read time: 1 minute

HHS Secretary Tom Price Lied, Or Hasn't Read The Bill He's Selling

When asked about the tax break to insurers for CEO compensation, he played dumb.

As I explained yesterday, Republicans' death care health care proposal has a very special provision for health insurers.

The Affordable Care Act limited corporate deductions for CEO pay to $500,000. They could (and did) still pay CEOs more than that, but could not deduct it as an "ordinary and reasonable" business expense on their corporate returns.

One of the new bills takes that restriction out, enabling insurers to fully deduct the tens of millions they pay their CEOs to make sure more Americans die.

When a reporter asked Price about how "tax breaks for insurer CEOs" leads to patient-centered health care, Price told him he was "unaware of that provision."

The question was awkward, since it's really a tax break for insurance companies, which will likely raise CEO compensation. If insurers can deduct huge compensation to their CEOs in full, they'll likely pay them more, which means less dollars for health care.

It's not a hard provision to find. In fact, it was one of the first provisions reporters zeroed in on. But Price is either lying to that reporter or else he didn't read the bills he was up there selling.

The question still remains: How does giving rich people and insurance companies tax breaks add up to patient-centered care?

Can you help us out?

For 17 years we have been exposing Washington lies and untangling media deceit, but now Facebook is drowning us in an ocean of right wing lies. Please give a one-time or recurring donation, or buy a year's subscription for an ad-free experience. Thank you.

More C&L Coverage


New Commenting System

Our comments are now powered by Insticator. In order to comment you will need to create an Insticator account. The process is quick and simple. Please note that the ability to comment with a C&L site account is no longer available.

We welcome relevant, respectful comments. Any comments that are sexist or in any other way deemed hateful by our staff will be deleted and constitute grounds for a ban from posting on the site. Please refer to our Terms of Service (revised 3/17/2016) for information on our posting policy.

Please Do Not Use the Login Link at the Top of the Site.

In order to comment you must use an Insticator account. To register an account, enter your comment and click the post button. A dialog will then appear allowing you create your account.

We will be retiring our Crooks and Liars user account system in January, 2021.

Thank you.
C&L Team