How could a tax on medical equipment sales possibly reduce healthcare costs?
Obamacare, we were told, is supposed to reduce the cost of healthcare. So figure this out: How does imposing a new tax on medical device manufacturers do anything but raise the cost of healthcare?
Obamacare contains a 2.3% excise tax on sales of medical devices—whether or not the companies, including startups, are profitable. They might never be profitable with a tax like that.
Why are these companies being punished for creating innovative equipment that helps ensure this country has the best healthcare in the world? Is it because President Obama was just so desperate for a way to pay for his takeover of American healthcare?
Just another example of the bureaucratic tinkers—who don’t create anything besides paperwork, taxes, and unemployment—messing with those who actually do the things that keep America running.
Read the Medical Device Manufacturers Association statement here (1/2 page, plus links to more information). Yeah, of course they’re biased. Americans—even businessmen!—have a right to organize to have their voice heard, especially when their liberty is being trampled.