Obama: taxing "Cadillac" health plans good: report

U.S. President Barack Obama makes an announcement on government efficiency at the White House in Washington December 21, 2009. REUTERS/Jim Young

U.S. President Barack Obama makes an announcement on government efficiency at the White House in Washington December 21, 2009.

Credit: Reuters/Jim Young

WASHINGTON | Wed Dec 23, 2009 4:29pm EST

WASHINGTON (Reuters) - President Barack Obama said on Wednesday that a tax on so-called "Cadillac" high-end health insurance plans would be a good idea.

"Taxing Cadillac plans that don't make people healthier, but just take money out of their pockets because they're paying more for insurance than they need to -- that's actually a good idea and that helps bend the cost curve," Obama said in an interview with NPR, excerpts of which were on the NPR website.

(Reporting by Tabassum Zakaria; Editing by Sandra Maler)

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