JBond
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I have asked a couple of the libs on the forum how new taxes on medical companies will reduce health-care costs and they have been incapable of forming a coherent answer. It will be interesting to watch and see if the Dems still are insistent on driving up costs. Of course 20 retarded people still voted for the tax. Which party wants to increase medical costs? Hmm...
The Senate gave sweeping bipartisan approval Thursday to a proposal by Orrin Hatch, R-Utah, and Amy Klobuchar, D-Minn., to put senators on record in favor of repealing a tax on medical devices – a key part of President Obama’s controversial health care law.
The Hatch-Klobuchar amendment to the GOP budget plan is the latest effort to roll back the tax that applies to a range of medical products, from surgical tools to heart devices. It’s among several taxes in Obama’s 2010 health care overhaul.
The amendment passed the Senate by a vote of 79 to 20. The bill that it was attached to did not pass, but the sponsors used it as an opportunity to rally support for repealing the tax -- as well as a separate bill they've introduced to achieve that.
“Today, bipartisan members of the Senate spoke loudly and clearly that this tax on medical devices simply must go. It is a drain on innovation, on job creation and on our ability to provide ground breaking medical technologies to patients,” Hatch said in a statement.
The Affordable Care Act levies a 2.3 percent tax on medical devices with the goal of raising nearly $30 billion over the next decade.
Manufacturers say the impact of the tax is far greater than meets the eye -- the 2.3 percent tax is on gross sales, meaning it's a much greater percentage of net income.
Read more: http://www.foxnews.com/politics/201...tax-gaining-traction-in-senate/#ixzz2OHDzHwTn
Perfect system I am advocating for? The asswipes that run the show will not allow free market principles to prevail. That is why cost are skyrocketing. Obama lied in order to ram through a new unfunded entitlement. He was simply buying more votes in yet another redistribution scheme. That is the only thing democrats can do. Buy votes with other peoples money. Ideas that actually work are ignored. This was another power grab that will drive up costs, not lower them as he claimed. When will we see the $2500 reduction in costs for a family of four while maintaining the level of care they had pre Obama care?