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Trade group identifies medical device makers passing on federal tax
Reuters ^ | Feb 28, 2013 6:07pm EST | Debra Sherman

Posted on 03/04/2013 8:47:39 AM PST by Sopater

Some medical device manufacturers are trying to pass on the cost of the new federal tax on medical devices to hospitals, and a trade group on Thursday said it has launched a website to identify those companies publicly.

Congress imposed the 2.3 percent tax on the manufacturers as part of the Affordable Care Act. It is expected to collect more than $30 billion over the next decade to help extend healthcare coverage to millions of Americans who would otherwise be uninsured.

The Healthcare Supply Chain Association, which represents the biggest group purchasing organizations (GPO) used by hospitals, on Thursday said the new site, www.devicetaxwatch.com/ would help raise awareness of efforts by some manufacturers "to shift costs of the tax directly to hospitals, healthcare providers, patients and taxpayers."

Most of the companies on its list of "cost-shifting suppliers" are small and private, but there are some large ones, including Allergan Inc, Cerner Corp, Waters Corp, Alere Inc, Invacare Corp, Integra Lifescience and Staar Surgical Co, Cardica Inc, Iridex Corp and Misonix Inc.

(Excerpt) Read more at reuters.com ...


TOPICS: Culture/Society; Government; News/Current Events
KEYWORDS: medicaldevicetax; obamacare; taxes
Would you prefer that they layoff employees or reduce the quality of their products?
1 posted on 03/04/2013 8:47:51 AM PST by Sopater
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To: Sopater

If the tax was not supposed to be passed along as a cost of doing business, then it seems that it was intended to be a penalty to these providers, rather than just a tax. They should not be demonized for increasing their costs to cover the tax, IMHO.


2 posted on 03/04/2013 8:51:22 AM PST by NEMDF
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To: Sopater

So what if they lose money on each device, let them make it up on volume.


3 posted on 03/04/2013 8:51:25 AM PST by NonValueAdded (If you can keep your head when all about you are losing theirs, you've likely misread the situation.)
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To: NonValueAdded

Kind of like the postal service, huh? (snicker...)


4 posted on 03/04/2013 8:52:38 AM PST by NEMDF
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To: Sopater

Well, duh...


5 posted on 03/04/2013 8:54:49 AM PST by Eric in the Ozarks (NRA Life Member)
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To: NonValueAdded

sarcasm tag???


6 posted on 03/04/2013 8:54:54 AM PST by BillGunn (Bill Gunn for Congress district one rep. Massachusetts)
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To: BillGunn

is one really necessary?


7 posted on 03/04/2013 8:56:31 AM PST by NonValueAdded (If you can keep your head when all about you are losing theirs, you've likely misread the situation.)
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To: Sopater

Businesses passing on their government regulatory costs and taxes to consumers by raising their prices? Tell me it ain’t so...

That’s called how you run a business and stay afloat when the federal mafia have their hands in your back pockets. I thought the liberals were supposedly smarter yet they don’t get this.../s


8 posted on 03/04/2013 8:56:43 AM PST by jsanders2001
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To: Sopater
Pardon me, but... Duh.

All costs of operation are passed on to consumers. Period. Reuters is accusing them of nothing more than doing business.

9 posted on 03/04/2013 8:57:38 AM PST by Oberon (Big Brutha Be Watchin'.)
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To: Sopater

And no one ever thought that increased taxes on business would be passed on down the chain? It is called Trickle Down Taxes, just like Wealth.


10 posted on 03/04/2013 8:58:40 AM PST by AirborneMedic (In my 16 years in the military, I have never served with a Liberal !!!! ***Update, just one***)
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To: NonValueAdded

> So what if they lose money on each device, let them make it up on volume.

Well what if they don’t want to? Your reasoning seems “liberalish” to me.


11 posted on 03/04/2013 9:00:04 AM PST by jsanders2001
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To: Oberon
Reuters is accusing them of nothing more than doing business.

Correct, and then calling them out by name to try and punish them for doing so.
12 posted on 03/04/2013 9:04:06 AM PST by Sopater (...where the Spirit of the Lord is, there is liberty. - 2 COR 3:17b)
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To: Sopater

This is pretty damned Funny, for the last 30 years HOSPITALS have been Pushing the Costs of treating the Uninsured and Illegals onto us Insured Citizens with the means and ability to pay. What was that line about not throwing stones when you live in a glass house


13 posted on 03/04/2013 9:08:49 AM PST by eyeamok
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To: NonValueAdded
is one really necessary?

See comment 11

:-)

14 posted on 03/04/2013 9:09:21 AM PST by BillGunn (Bill Gunn for Congress district one rep. Massachusetts)
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To: Sopater

Corporations that sell products do not pay taxes. They collect them.

The taxes imposed are part of their cost of doing business, and the effect is to make their product more expensive. If the product is not being marketed for the ultimate profit of the maker, very soon it is no longer being produced at all.

What part of economics does this regime now squatting in the White Hut not understand? One is inclined to believe, not one bit of the dismal science of economics is within their grasp.


15 posted on 03/04/2013 9:18:53 AM PST by alloysteel (What is all too obvious, is not obvious to all. Until it is too late to reverse course.)
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To: Sopater
I love the wordsmithing they use to make people "FEEL" like they are getting screwed by these manufacturers: "cost-shifting suppliers"!

I mean, so if I go get a burger for lunch, is McDonald's "cost-shifting" the sales tax on to me?!? This is BEYOND stupid!

The media, along with the Obama Administration, actually thinks that they can "shame" companies into loosing money! Do you really think they won't figure out a way to get those losses down? They HAVE to or they will go out of business or loose investors or be taken to court for failing to maximize their profits or some other stupid liberal mumbo-jumbo crap!

These people are certifiable!
16 posted on 03/04/2013 9:32:27 AM PST by ExTxMarine (PRAYER: It's the only HOPE for real CHANGE in America!)
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To: Sopater
I believe this tax is on sales instead of net profit, which makes it even more onerous
17 posted on 03/04/2013 9:39:10 AM PST by Rusty0604
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To: Rusty0604
I believe this tax is on sales instead of net profit, which makes it even more onerous

That's the way I understand it. The tax is on "revenues", not "profits".
18 posted on 03/04/2013 9:52:06 AM PST by Sopater (...where the Spirit of the Lord is, there is liberty. - 2 COR 3:17b)
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To: Sopater
Reuters is trying to help their Messiah by naming the companies in order to galvanize sentiment against them.

These companies were unfairly singled out along with tanning salons. Now they are demonized further.

Disgusting.

19 posted on 03/04/2013 9:53:12 AM PST by what's up
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To: Sopater

What does the facist group suggest their facist government do about this “outrage”? Put some CEOs in jail? Or a reeducation camp?


20 posted on 03/04/2013 10:08:12 AM PST by DManA
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To: NonValueAdded
So what if they lose money on each device, let them make it up on volume.

That strategy didn't work well for Hank Rearden after the implementation of Directive 10-289.

21 posted on 03/04/2013 10:14:14 AM PST by Night Hides Not (The Tea Party was the earthquake, and Chick Fil A the tsunami...100's of aftershocks to come.)
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To: Sopater

We can’t afford any of the socialists involved in the medical racket in any way.


22 posted on 03/04/2013 10:37:15 AM PST by familyop (We Baby Boomers are croaking in an avalanche of rotten politics smelled around the planet.)
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To: Sopater

There’s a long list of medical professional organizations lobbying against our Second Amendment, BTW. They’ve already crushed traditional family structure.


23 posted on 03/04/2013 10:38:57 AM PST by familyop (We Baby Boomers are croaking in an avalanche of rotten politics smelled around the planet.)
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To: Sopater

All taxes are passed on it’s why everything costs so much,gubment leaders at work.


24 posted on 03/04/2013 11:06:45 AM PST by Vaduz
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To: familyop
There’s a long list of medical professional organizations lobbying against our Second Amendment, BTW.

Well at least that would be a list worth publishing.
25 posted on 03/04/2013 11:49:00 AM PST by Sopater (...where the Spirit of the Lord is, there is liberty. - 2 COR 3:17b)
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To: Sopater; All

Rush Limbaugh just had a caller who stated that under obamacare (actually since the early ‘90’s) anyone under medicaid would have to have their home attached for the cost of coverage & benefits.

TRUE! I was very ill in the 90’s, could not work and checked into medicaid..YES, they can LIEN your home for the cost of coverage...that was Oregon. I refused to apply with this rule and sold my home to get medical care. I also checked out California...same thing.

The difference now, is that the IRS will be charged with compliance and YOU WILL lose the equity in your home if you get ‘government healthcare!’

BELIEVE IT!

Budget reconciliation act 1993


26 posted on 03/04/2013 12:01:03 PM PST by AuntB (Illegal immigration is simply more "share the wealth" socialism and a CRIME not a race!)
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To: Sopater

Some excerpts from “National Organizations With Anti-Gun Policies:”
http://www.ammoland.com/2009/02/anti-gun-national-organizations/
http://www.thefirearmsforum.com/showthread.php?t=51640

[Some sources above. The NRA deleted its original copy of this older list, but many of the following have reorganized under organizations with more general and covert names. University women’s studies departments were hard at work in nursing program departments, too, at least as early as the ‘80s—maybe earlier.]

American Counseling Association
American Academy of Child & Adolescent Psychiatry
American Psychological Association
Black Mental Health Alliance
National Association of School Psychologists
National Association of Community Health Centers

Ambulatory Pediatric Association
American Academy of Pediatrics
American Academy of Ambulatory Care Nursing
American Medical Women`s Association
American Medical Student Association
American Medical Association
American Association for the Surgery of Trauma
American Trauma Society
American Medical Association
American Counseling Association
American Academy of Child & Adolescent Psychiatry
American Academy of Pediatrics
American Association for World Health
American Nurses Association
American Association of Neurological Surgeons
American Association of Family and Consumer Sciences
American Public Health Association
Association of American Medical Colleges
Black Mental Health Alliance
Congress of Neurological Surgeons
National Coalition Against Domestic Violence
National Black Nurses` Association
National Association of Chain Drug Stores
National Assembly of National Voluntary Health & Social Welfare Organizations
National Association of School Psychologists
National Association of Pediatric Nurse Associates & Practitioners
National Association of Public Hospitals
National Coalition Against Domestic Violence
National Association of Social Workers
National Association of Children`s Hospitals and Related Institutions
National Association of School Psychologists
National Association of Community Health Centers
National Council on Family Relations
National Organization on Disability
National Spinal Cord Injury Association
Physicians for Social Responsibility
Society of Critical Care Medicine

Related corporations:

BJC Health Systems
Blue Cross Blue Shield - Kansas City
General American - St. Louis (insurance)
Health Midwest
ICN Biomedicals
SSM Health System - St. Louis
Unity Health - St. Louis


27 posted on 03/04/2013 12:19:59 PM PST by familyop (We Baby Boomers are croaking in an avalanche of rotten politics smelled around the planet.)
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To: Sopater

Hospital management groups should orient toward self-supply through backward integration and set a fine example by fully absorbing these mandated Obamacare taxes resulting in additional supply costs. Problem solved.


28 posted on 03/04/2013 12:40:04 PM PST by Dysart
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To: Sopater

EVERY cost is passed on down the line no matter what it is. Fees, taxes, transportation costs, everything. Anyone who thinks differently should try running a business someday.

By the way these costs keep trickling down until they get to the bottom where they finally end up being paid for by the consumer.

JB


29 posted on 03/04/2013 2:10:18 PM PST by thatjoeguy (Every law passed is one person forcing their morals on someone else.)
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