(Medical) Device tax may change as 'fiscal cliff' approaches

Plastics Today ^ | 11/8/2012 | Doug Smock

[lowbridge]

Good question ;)

[SparkyBass]

Our devices are different, the hospital is the end-user. Insurance isn’t part of our equation. (as an aside, I had a Medtronic spinal stimulator put in on the 11th of Oct, removed on the 30th due to complications! :( )

Our product holds medications. The hospital nursing staff use our product. The Obamacare tax hits us hard.
Layoffs help ‘streamline’ our cost structure when dividends drop so the investor’s numbers look better. It has happened in the past and is bound to happen again.

[surrey]

My son works for Stryker and I’m worried.

[memyselfandi59]

Through my work I am also very involved with this product

.As far as the baclofen pump, I got mine just at the right time...my mobility was greatly impaired and before the wheelchair my neuro said, we could try ITB. And voila, after lots of PT, I was walking almost normally again.

FYI, since you work with the device, I found this a few months ago, they're are beginning to believe that ITB used early rather than later would keep a lot more people in the MS community mobile. I had access to the entire article, but this is the abstract.

http://msj.sagepub.com/content/17/5/623

[Rusty0604]

I believe the tax is on gross sales as opposed to net sales which is gross sales minus expenses.

[memyselfandi59]

Okay, thanks for that explanation, it hadn’t dawned on me that a medical provider would be the end user.

[toast]

Thanks. I’ll check it out.

[dreamerintexas]

companies like stryker have directly or indirectly put millions in the obama bucket and also have put money against initiatives for conservative causes. stryker wanted obama, they should pay the penalty. simply google pat stryker and obama. hard to defend their tremendous profits which are funneled to family and then given to the dems. i’m not feeling sorry for stryker.

[Mike Darancette]

Over the cliff; the RATS made the cliff now they should go over it. Later the Democrats can be seen as giving tax breaks to the rich.

[cookcounty]

"Not hidden.

"We’ve known about it for months, and there are many more like it.

We've known for almost 2 years. It's just that there is very little real journalism in Washington, so 98% of the population, including every single li

Why Romney went after the "Wheelchair Tax" I will never comprehend. They could have done a fantastic ad, a remake of the Ryan pushing the old lady over the cliff, but with Biden and Obama demanding she pay the tax before shoving her over the edge.

[cookcounty]

"They bought it, they own it. Or if they must, amend the law as well to supprt religious exemptions."

At a minimum.