Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWhat is this Medical device tax the Tea party/cruzers so hung up about?
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
4 replies, 891 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (2)
ReplyReply to this post
4 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
What is this Medical device tax the Tea party/cruzers so hung up about? (Original Post)
diabeticman
Oct 2013
OP
Its like a 2% tax on something that has profit margin of hundreds and thousands of dollars..
VanillaRhapsody
Oct 2013
#1
The Medical Device Tax Is Probably A Red Herring - The Video Below Is Probably The Real Reason
cantbeserious
Oct 2013
#2
VanillaRhapsody
(21,115 posts)1. Its like a 2% tax on something that has profit margin of hundreds and thousands of dollars..
Medical devices like knee replacements, hip replacements etc...can be made for next to nothing...but the markup is hundreds of times the cost of making them. The tax is very important to fund Obamacares...its phoney baloney issue and the Rethugs know it..
cantbeserious
(13,039 posts)2. The Medical Device Tax Is Probably A Red Herring - The Video Below Is Probably The Real Reason
legcramp
(288 posts)3. Medical Device Tax
Senator Franken supported efforts to ensure that the Affordable Care Act does not add to our country's deficit, but he also agrees that the medical device industry should not bear an unfair burden of paying for health reform. Minnesota's medical device industry creates jobs and improves patients' lives, and during the health care debate Senator Franken was concerned that a tax on medical devices would stifle technological innovation. He believed there were better ways to pay for health reform, like incentivizing high-value health care, eliminating inefficient paperwork, and controlling health insurance company profits.
As a member of the Senate Health, Education, Labor, and Pensions Committee, Senator Franken worked for months with Finance Committee Chairman Max Baucus, a Democrat from Montana and Majority Leader Harry Reid, a Democrat from Nevada, to try to reduce the proposed medical device tax, the tax was successfully cut in half, from $40 billion to $20 billion. While this was a tremendous improvement, Senator Franken will be fighting hard to continue to further reduce the unfair burden on the medical device industry.
As a member of the Senate Health, Education, Labor, and Pensions Committee, Senator Franken worked for months with Finance Committee Chairman Max Baucus, a Democrat from Montana and Majority Leader Harry Reid, a Democrat from Nevada, to try to reduce the proposed medical device tax, the tax was successfully cut in half, from $40 billion to $20 billion. While this was a tremendous improvement, Senator Franken will be fighting hard to continue to further reduce the unfair burden on the medical device industry.
http://www.franken.senate.gov/?p=issue&id=248
Tx4obama
(36,974 posts)4. Article on the link below
10/14/13
Medical device makers flex muscle, arm way into debt limit fight
Article here: http://www.politico.com/story/2013/10/medical-device-makers-flex-muscle-arm-way-into-debt-limit-fight-98304.html?hp=r18