Tax buried in Obama health-care plan will kill 43,000 jobs, warns economic report from medical equipment lobby
Obama is such a disgrace. I, for one, will not be watching his speech.
Yep it will also raise the price of those devices too.My $5k insulin pump will most likely cost closer to $6k when I need to replace it in 2 years making my copay rise a lot.Why is it people are getting no copay on birth control etc but he is raising the prices on things people need to stay alive?
How can a this “excise tax” be levied on medical equipment? When the base meaning of “excise tax” means the tax is on “non-essential” consumer goods. Since when did medical equipment become NON-ESSENTIAL!
I have been looking for a electrical generator for back-up power because of black outs that have occurred since last winter, for no apparent reason other than poor maintenance of the power company’s infrastructure. So, now if I purchase this equipment for medical reasons it now becomes medical equipment and will be charged the 2.3% tax.
“UNEXPECTED”
just what barry wants, and more form this or any of his other ¨plans¨.
Obama’s response is this...
Where the FDA inspectors used to visit the medical device manufacturers once every 2 to 3 years, he is now sending them out every 2 to 3 MONTHS, and they are not allowed to return home until they find some minor infraction, or imagined infraction, that will cost the device makers tens of millions in fines and expensive re-working of all procedures from top to bottom.
So much effort is being wasted in useless bureaucracy, some of these companies won’t be standing in a few years. The rest will all cry ‘uncle’ and give in, and collect the new tax for Obama.
Check out for example how many companies still make glucose test strips. It’s an FDA epidemic across the board. All medical companies are under attack.