During his fauxlibuster Ted Cruz was asked where he gets his health insurance. He was evasive. But now the truth can be told: he gets it from Goldman Sachs. TPM:
Ted Cruz's Wife Confirms He's Covered Under Her Blue-Chip Health PlanBut that's OK! says Ted Cruz's office:
The wife of Sen. Ted Cruz (R-TX), who led a vocal effort to defund the Affordable Care Act, confirmed in a New York Times interview published Wednesday that the senator receives health care coverage through her blue-chip employer insurance plan.
"Ted is on my health care plan," Heidi Nelson Cruz, a Houston-based managing director for Wall Street firm Goldman Sachs, told the newspaper.
A spokeswoman for the Texas senator confirmed the coverage to the Times, which was worth at least $20,000 a year, according to Goldman.
“The senator is on his wife’s plan, which comes at no cost to the taxpayer and reflects a personal decision about what works best for their family,” spokeswoman Catherine Frazier said.I'm sure you've already spotted that there is either a logic, knowledge or truth problem with that statement. Goldman Sachs is using pre-tax dollars to provide Ted with this gold-plated health insurance plan.
Ted either doesn't know that his health insurance plan is subsidized by the taxpayers or is lying.
Unless Mrs. Cruz is paying the entire premium and Goldman is not offering coverage through a Section 125 “cafeteria” plan — both highly unlikely — then taxpayers are subsidizing it, as they do all such employer-sponsored health insurance. All health policy wonks know this. I would hope Senator Cruz, who gives long speeches aimed to influence health policy, knows it.
In fact, the Senator and Mrs. Cruz are probably getting a bigger tax break than the cost of coverage of a typical, non-elderly Medicaid beneficiary, or even two.