Friday, June 1, 2012

Applied Obamanomics

One of the many dumb provisions of ObamaCare is the excise tax that has been placed on medical devices. Representatives Tom Price and Renee Elmers explain.
Right now, access to innovative quality care in America is threatened by a 2.3 percent excise tax on medical devices that was included in the president’s disastrous health care law. Between 2013 and 2022, taxes are slated to increase on device manufacturers by $28.5 billion, a cost that would certainly be passed on to patients in the form of more expensive products and procedures. Tools and services that physicians and nurses utilize to help meet the needs of patients will become more expensive. In fact, instead of increasing affordability and protecting access to care for all Americans, this tax further widens the gap between those who can pay for quality care and those who cannot.
Update: Repeal may be on the way.

1 comment:

The Borg Collective said...

28.5 billion dollars will be raised by this measure. Our study of human nature indicates unchanging obedience to History.