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Tax Within a Tax: ObamaCare Medical Device Tax a Death Sentence for American Medical Innovation, Jobs

Rob4009 Wrote: Aug 21, 2012 9:19 AM
I guess I'll have to go back to needles and say goodbye to my insulin pump. Never mind that this little device has vastly improved my A1C's and as a result my long term prognosis overall. I suppose it will achieve the overall goal of ObamaCare by helping me to die earlier.

The Supreme Court ruled in June that ObamaCare is constitutional because it's one big fat tax, however, ObamaCare is actually one big tax with many taxes within. Take for example the medical device tax that is part of ObamaCare. This tax increases the costs on companies that manufacture vital medical devices ranging from basic doctors visits to heavy duty surgeries such as knee replacement.

Under the Affordable Care Act, the Obama administration's signature health care reform law, medical-device manufacturers will pay a 2.3 percent tax on sales of such products starting in 2013. That tax will affect...