[UPDATE 9/16 9:51 am]] Chairman’s Mark
America’s Healthy Future Act of 2009
The Senate Finance Committee chaired by Senator Max Baucus is in charge of answering that question, and they don't have a bill yet. There will be what is called the chairman's markup sometime this week which is where the chair introduces a full bill text to the committee. Next week the committee will vote on that mark. Last week, Senator Baucus released an 18 page rough draft or framework of what the bill will be, and page 17 and 18 contain revenue provisions:

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High Cost Insurance Excise Tax. An excise tax of 35% would be levied on insurance companies and insurance administrators for any health insurance plan that is above $8,000 for singles and $21,000 for family plans. The tax would apply to self-insured plans and plans sold in the group market, but not to plans sold in the individual market. The tax would apply to the amount of the premium in excess of the threshold. The threshold would be indexed for inflation, and a transition rule would raise the threshold by 20%, 10%, and 5% for the 17 highest cost states for the first three years.
Increasing Transparency in Employer W-2 Reporting of Value of Health Benefits. The proposal would require employers to disclose the value of the benefit provided by the employer for each employee’s health insurance coverage on the employee’s annual Form W-2.
Limit Health Flexible Savings Account Contributions. Contributions to health Flexible Savings Accounts (FSAs) would be limited to $2,000 per year under this proposal.
Eliminate Exclusion for Employer Part D Subsidy. The proposal would eliminate the exclusion from gross income for the subsidy for employers who maintain prescription drug plans for their Medicare Part D eligible retirees.
Standardize the Definition of Qualified Medical Expenses. The definition of qualified medical expenses for Health Savings Accounts (HSAs), Flexible Savings Accounts (FSAs), and Health Reimbursement Arrangements (HRAs) would be conformed to the definition used for the itemized deduction. An exception to this rule would be included so that amounts paid for over-the-counter medicine with a prescription still qualify as medical expenses.
Increase the Penalty for Use of Health Savings Account Funds for Non-qualified Medical Expenses. This proposal would increase the additional tax for Health Savings Account (HSA) withdrawals prior to age 65 that are not used for qualified medical expenses from 10% to 20%.
Corporate Information Reporting. The proposal would require businesses that pay more than $600 annually to corporate providers of property and services to file an information report with
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each provider and with the Internal Revenue Service (IRS). Information reporting is already required on payments to non-corporate providers for services.
Non-profit Hospitals Requirements. This proposal would establish new requirements applicable to nonprofit hospitals. The requirements would include a periodic community needs assessment.
Pharmaceutical Manufacturing Companies Fee. Under this proposal, an annual fee of $2.3 billion would be imposed on the pharmaceutical manufacturing sector beginning in 2010. The fee would be allocated by market share.
Medical Device Manufacturers Fee. Under this proposal, an annual fee of $4 billion would be imposed on the medical devices manufacturing sector beginning in 2010. The fee would be allocated by market share.
Health Insurance Provider Fee. The proposal would impose an annual fee of $6 billion on the health insurance sector beginning in 2010. The fee would be allocated by market share.
Clinical Laboratories Fee. Under this proposal, an annual fee of $750 million would be imposed on clinical laboratories beginning in 2010. The fee would be allocated by market share, except for small businesses.

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"Basically, everybody who writes about this stuff today repeats the health-insurance lobby's line from 1994. Like: "The bill was long and complicated." The bill took out four hundred more pages of federal law than it put in.

-Bill Clinton