Financing Healthcare Reform
Obama's proposal takes the more modest Senate bill as his basic framework. But, in what is perhaps his proposal's most notable feature, he scales back the Senate bill's main revenue source, a tax on high-cost insurance that he has strongly supported. Instead, he would impose a new tax on the unearned income of the wealthy.
In other words, the new proposal would do less to bend the curve of rising healthcare costs and more to impede long-run economic growth. This change was probably made to attract more House Democrats. It will likely make the plan even less attractive to congressional Republicans.
By the way, according to CBO director Doug Elmendorf, the new administration proposal has too few details for the CBO to provide cost estimates. Perhaps more details will be available in the days to come.