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Tax On 'Gold-Plated' Health Care Plans Gains Ground

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White House officials are embracing a plan to tax "gold-plated, Cadillac" insurance policies, giving momentum to an idea that is receiving bipartisan consideration on Capitol Hill.

"A premium charge on top of the most expensive packages is one of the ways to ensure that there's a lid on health-care costs," a top administration official told POLITICO. "The president believes this is an intriguing idea."

Sen. Charles Grassley of Iowa, the top Republican on the Senate Finance Committee, said Friday on Bloomberg TV that he is "taking an intense look at it."

Read the whole story at politico.com