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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 9:22 AM
It always ends up coming out of the consumer's pocket sooner or later. There is a very true adage that you cannot tax a corporation. They might pay the taxes, but not before collecting the cash from their customers.

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...