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Keyword: medicaldevice

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  • Survey: Medical device tax has cost tens of thousands of jobs

    02/22/2014 10:25:34 AM PST · by SeekAndFind · 11 replies
    American Thinker ^ | 02/22/2014 | Rick Moran
    But it's "only" 2.3%! How can such a tiny tax have such a large negative impact? That's the thinking of the excise tax supporters who think that the medical device industry can "easily afford" the tax (New York Times) and besides, they deserve it because they're "anti-competitive": A new survey says Obamacare's tax on medical device manufacturers has cost the industry about 33,000 jobs.In a report this week, the Advanced Medical Technology Association (AdvaMed) said companies cut about 14,000 workers and decided not to hire about 19,000 workers because of theThe report also said the 2.3 percent excise tax also...
  • Over 30 Senate Democrats vote to repeal the medical device tax

    03/22/2013 11:58:17 AM PDT · by SeekAndFind · 40 replies
    Hotair ^ | 03/22/2013 | Erika Johnsen
    As I mentioned yesterday, the medical device tax that went into effect last January is just one of the many insidious job-killing measures contained within ObamaCare, but it is an especially terrible one. The 2.3 percent excise tax is meant to raise a handsome $30 billion to pay for ObamaCare over the next decade, except that, added bonus: It’s going to stifle innovation and competition in an industry that provides all manner of life-saving medical devices, from MRIs to pacemakers to blood tubes.And this hasn’t just been a Republican refrain, by the way. Thursday night, the Senate voted overwhelmingly to...
  • Dems Ask For Delay To Obamacare Med Device Tax They Voted For In The First Place

    12/12/2012 12:04:59 AM PST · by Lmo56 · 18 replies
    Americans For Tax Reform ^ | 12/11 | John Kartch
    In a letter to Majority Leader Harry Reid, 18 Democrat senators and senators-elect have asked for a delay in the implementation of the Obamacare medical device tax. Like most of the significant tax increases in Obamacare, the medical device tax is scheduled to take effect on Jan. 1, 2013, conveniently after the 2012 presidential election. Each of the 18 Democrat signatories voted for or supported Obamacare in the first place. And now they want a sweetheart exemption from one of its most onerous provisions. Even in Washington DC, that shows a lot of gall.
  • Merry Christmas, You're Fired...Love, President Obama

    12/03/2012 5:14:45 PM PST · by SeekAndFind · 22 replies
    American Thinker ^ | 12/03/2012 | Chad Stafko
    Thanks to the 62,615,406 individuals who took off their thinking caps and re-elected President Barack Obama, thousands upon thousands of folks are receiving their pink slips now or soon will over the next several weeks or months. These lost jobs are often high-paying and are disappearing by the hour. The culprit? It's none other than Obama's landmark legislation, The Affordable Care Act, aka ObamaCare. Re-electing Barack Obama guaranteed that the 2.3% medical device tax, a key funding source for ObamaCare, will go into effect on January 1, 2013. This transfer of money from these companies to the federal government, which...
  • This medical device tax to help pay for Obamacare is just not going to end well

    11/15/2012 12:56:35 PM PST · by SeekAndFind · 19 replies
    Hotair ^ | 11/15/2012 | Erika Johnsen
    Conventional wisdom: If you want less of something, put a tax on it. Obamanomics wisdom: Put a tax on... medical devices?! I.e., add another barrier to the industry whose slightest innovations can directly result in streamlined costs, improved efficiency, better health-care options, and saved lives? What the what?Embedded within the shadowy depths of the Patient Protection and Affordable Care Act (sometimes, I like to use its official name just to re-appreciate the irony of "patient protection" and "affordable") is a 2.3 percent excise tax on the sale of taxable medical devices by the manufacturer/importer --- and it's no small thing....
  • The Doomsday Device Tax

    09/05/2012 10:05:03 AM PDT · by george76 · 4 replies
    Free Beacon ^ | August 9, 2012 | Patrick Howley
    New Mexico Dem Senate candidate Martin Heinrich misleads with defense of medical device tax. Democratic New Mexico congressman and U.S. Senate candidate Martin Heinrich defended his vote to uphold a job-killing provision of Obamacare on Tuesday, despite his previous acknowledgment that the provision would have negative economic consequences for his home state. ... Heinrich voted June 7 of this year to uphold the 2.3 percent excise tax on medical device manufacturers that will take effect next year under Obamacare ... The medical device tax is sure to be a hot topic in the New Mexico campaign. New Mexico is home...
  • Surprise: Obamacare medical device tax killing jobs in the industry

    07/30/2012 2:46:11 PM PDT · by SeekAndFind · 6 replies
    Hotair ^ | 07/30/2012 | MARY KATHARINE HAM
    An Indiana-based medical device company is canceling plans to build five new plants in the Midwest because of the hit it will take from the 2.3 percent excise tax imposed by Obamacare.The new tax will cost Cook Medical Inc. between $20 million and $30 million a year, Pete Yonkman, executive director of Cook's strategic business told the Indianapolis Business Journal, limiting the amount Cook can spend on new plants. It took $30 million to revamp an abandoned factory in Canton, Ill. last year that will eventually employ 300 people in this small town."We had hoped, as we get bigger, that...
  • White House threatens to veto repeal of medical device tax (How NOT to encourage innovation)

    06/06/2012 6:21:32 PM PDT · by SeekAndFind · 1 replies
    Hotair ^ | 06/06/2012 | Erika Johnsen
    It is a truth universally acknowledged that, if you want to discourage a certain behavior, you can put a tax on it. (Note: I am in no way endorsing said policy, just pointing out that when you put a tax on something, you can reliably predict that you'll get less of it.) So, one would assume that through the oh-so-august auspices of the Patient Protection and Affordable Care Act, which include a forthcoming tax on the medical device industry, President Obama is trying to discourage... uh, medical device innovation? Gee, how nice.Rep. Erik Paulsen (R-Minnesota) is one of the Congressmen...
  • Medical-device manufacturer to lay off 1400 ...

    07/29/2011 11:28:20 AM PDT · by Nachum · 27 replies
    Hot Air ^ | 7/29/11 | Ed Morrissey
    In March 2010, Nancy Pelosi warned us that we had to pass ObamaCare to find out whats in it. What is in it is jobs for China. Whats not in it is jobs for Americans, as the Boston Globe reports today (via NewsAlert): Boston Scientific Corp. said yesterday that it plans to eliminate 1,200 to 1,400 jobs worldwide during the next 2 1/2 years to free money for new investments, the Natick medical device makers second major round of cuts since last year. The company would not say how many jobs will be lost in Massachusetts, where fewer than 2,000...
  • The FDA Is Killing Private Enterprise (How the Heck is Q-Tip a Medical Device?)

    06/23/2010 6:54:11 AM PDT · by SeekAndFind · 18 replies
    National Review ^ | 06/23/2010 | John Derbyshire
    The first federal regulator I ever knew was a fellow named Ernie. This was 40 years ago, a few weeks after Id first landed on these shores. Id run out of money and taken work as kitchen help at a small family firm in New Rochelle, N.Y. The firm made frozen kosher TV dinners. They had a kitchen of course, a preparation room with half a dozen big stainless-steel tables where we made up the dinners, and a couple of freezer rooms where we stored them. The dinners were shipped out to hospitals, nursing homes, and some retail outlets. Because...
  • Obamacares Medical-Device Tax (Higher taxes, lower research spending, pink slips for scientists)

    11/02/2009 7:02:59 AM PST · by SeekAndFind · 17 replies · 877+ views
    National Review ^ | 11/2/2009 | Deroy Murdock
    Obamacare promises to make medicine cheaper by making it costlier. Case in point: The Senate Finance Committee proposes a brand-new tax on medical devices. Manufacturers of pacemakers, stents, heart valves, artificial hips, motorized wheelchairs, and other therapeutic instruments may have lobbied this tax in half. But whether they endure the $40 billion now in the Finance Committees bill or a $20 billion backroom bargain, Obamacare foolishly would hike taxes on companies that generate health-advancing, life-saving mechanisms. This Senate measure would slap a ten-year, $4 billion annual tax on medical implements that retail for $100 or more. The $4 billion excise...
  • Rotating Bed Credited With Saving Lives

    10/21/2009 2:46:05 PM PDT · by DemforBush · 9 replies · 1,399+ views
    WRTV 6 ^ | 10/21/09 | Stacia Matthews
    DANVILLE, Ind. -- A high-tech, rotating bed already saving lives at Indiana hospitals could be critical in the fight against the H1N1 flu. Hendricks Regional, Methodist and St. Vincent hospitals are using the RotoProne bed, a complex contraption that helps alleviate lung pressure and restore normal breathing, 6News' Stacia Matthews reported...
  • The Innovation Tax : How Max Baucus's Health Care Plan will Knife the Medical Devices Industry.

    09/19/2009 10:12:30 AM PDT · by SeekAndFind · 9 replies · 603+ views
    Wall Street Journal ^ | 9/18/2009 | The Editors
    Supposedly the Senates version of ObamaCare was written by Finance Chairman Max Baucus, but were beginning to wonder if the true authors were Abbott and Costello. The vaudeville logic of the plan is that Congress will tax health care to subsidize people to buy health care that new taxes and regulation make more expensive. Look no further than the $40 billion "fee" that Mr. Baucus wants to impose on medical devices and diagnostic equipment. Device manufacturers would pay $4 billion a year in excise taxes, divvied up among them based on U.S. sales. This translates to an annual income tax...
  • Getting the needle in the first time, every time

    05/29/2005 7:21:53 AM PDT · by ddtorque · 14 replies · 664+ views
    Even the bravest and most stoic of us cringe at the thought of having a needle inserted into our veins to draw blood, or administer medication through an IV. The experience is particularly unpleasant and sometimes traumatic for those who have veins that are hard to locate, requiring a stretch of time and several attempts until the blood is flowing into the appropriate vial. Anyone who has been through this experience can appreciate the value of a new Israeli-invented device that makes the process far quicker and easier. The Vein Entry Indicator VEID device alerts the doctor, nurse or technician...