The Conservative Cave
Current Events => Politics => Topic started by: Chris_ on December 16, 2012, 04:01:57 PM
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18 Democratic senators revolt against Harry Reid on Obamacare tax
Eighteen Democratic U.S. Senators and senators-elect sent a letter to Senate Majority Leader Harry Reid last week calling for a “delay in the implementation” of the medical device tax in Obamacare, the Wall Street Journal reports.
The provision was an integral part of the version of the Obamacare law, which was passed in the Senate under Reid’s stewardship in 2009. It is set to take effect on January 1, 2013.
The provision’s 2.3 percent excise tax on medical device manufacturers has sparked panic within the medical devices industry. Indiana-based Zimmer Holdings, which manufactures hip replacement implants, laid off 450 workers in anticipation of $60 million in taxes in 2013. Michigan-based Stryker Corp., which also produces hip implants, laid off 5 percent of its workers in a bid to compensate for the $100 million it will pay in taxes next year.
Daily Caller (http://dailycaller.com/2012/12/12/18-dem-senators-revolt-against-harry-reid-on-obamacare-tax/#ixzz2FFrzCYf4)
I'd like someone to explain to me how taxing medical devices lowers the cost and availability of health care to patients.
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Daily Caller (http://dailycaller.com/2012/12/12/18-dem-senators-revolt-against-harry-reid-on-obamacare-tax/#ixzz2FFrzCYf4)
I'd like someone to explain to me how taxing medical devices lowers the cost and availability of health care to patients.
Even Jimmy Stewart couldn't explain it Chris.
[youtube=425,350]http://www.youtube.com/watch?v=_Er69b4HMl8[/youtube]
But I bet he could do better than the current administration. :-)
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**** those senators, they voted for it they can deal with the fallout of what they voted for.
Daily Caller (http://dailycaller.com/2012/12/12/18-dem-senators-revolt-against-harry-reid-on-obamacare-tax/#ixzz2FFrzCYf4)
I'd like someone to explain to me how taxing medical devices lowers the cost and availability of health care to patients.
I'd like to hear that explained too.
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It was one of the sources of revenue that went into the BS accounting that claimed the law was paid for (On top of the total BS basis of said accounting, which was that it strictly ended at the ten year mark, at which time there would be ten years worth of revenue but only six years worth of expenditures). I believe the thieving tools who passed it simply figured the medical device industry had 2.3 percent worth of fat they could plunder.
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Daily Caller (http://dailycaller.com/2012/12/12/18-dem-senators-revolt-against-harry-reid-on-obamacare-tax/#ixzz2FFrzCYf4)
I'd like someone to explain to me how taxing medical devices lowers the cost and availability of health care to patients.
If someone can explain that, maybe they could explain how taxing "Cadillac" health insurance plans helps to lower health care costs.
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What I wouldn't give for a whole lot more congresscreeps who went to business school, rather than law school.