Dick Morris: Obama Taxes Pacemakers, Heart Valves

[Chuckiechan]

OBAMA TAXES PACEMAKERS, HEART VALVES at DickMorris.com

Quote:

The medical device industry had its day at the White House as did the insurance industry, the drug makers, the nurses, and the doctors. In turn, each group heard the White House request that they come up with voluntary cuts in their health care costs and support Obama’s proposed changes in return for assurances that Congress would not impose deeper cuts (or, in the case of the doctors, that it would actually rescind cuts already scheduled under current statutes).


But, unlike all these other groups, the medical device industry refused the deal. This posture enraged the tyrants in the White House who vowed to punish the industry with cuts imposed by Congress. The result was a decision by the revenue-hungry Senate Finance Committee to extract billions in funds from the industry.


The legislation does not work like a sales or excise tax. Rather it follows the model of the punitive tobacco settlement imposed on cigarette companies in the 90s. It assesses an industry-wide payment which firms must make in proportion to their market share. It bars the them from passing along the cost of the assessment by charging more for certain basic products, but allows them to raise the price of others to raise the funds for the fee.


So, the result will be that virtually every piece of advanced surgical equipment will be subject to a price increase to meet the levy from Washington. No matter that these devices often make the difference between life and death and that, in effect, taxing them raises the cost of vital treatments. The vengeful White House will have its pound of flesh from the medical device industry for daring to be independent and to refuse to knuckle down to Administration pressure!

It's no coincidence that these items go into older patients, and makes the accountant's math that much more likely to kill granny easier.

[mad1]

Quote:

Originally Posted by Chuckiechan

OBAMA TAXES PACEMAKERS, HEART VALVES at DickMorris.com

It's no coincidence that these items go into older patients, and makes the accountant's math that much more likely to kill granny easier.

What I am still missing is the voluntary cuts the White House is making?

[pickel]

Quote:

Originally Posted by Chuckiechan

OBAMA TAXES PACEMAKERS, HEART VALVES at DickMorris.com

It's no coincidence that these items go into older patients, and makes the accountant's math that much more likely to kill granny easier.

I ain't goin' alone

[The Real Bingo]

Fear mongers!