I have a column up
now at USA Today online about how the medical device tax in
ObamaCare will hurt countless patients and also kill lots and lots
of jobs in swing states.
The president’s health law imposes a 2.3% tax on all medical
device sales. This doesn’t sound like much, but that’s misleading.
The tax is not on profits, but on gross (total) receipts. For
smaller device manufacturers with narrow profit margins, the tax
could actually exceedtheir profits,
pushing them into the red. Such is the case with companies known as
ConMed (with possible job losses in swing states Colorado and
Florida), Symmetry Medical (job centers in swing states Michigan
and New Hampshire), and ultrasound pioneer Sinosite.
Some medical-device makers, such as Stryker (headquarters:
Kalamazoo, Michigan) and Zimmer Holdings (job locations in Nevada,
Minnesota, Ohio, and Pennsylvania), already have announced layoffs (1,000
and 450, respectively) as a result
of the tax.
There’s lots more in the column. Read the whole thing, please.
My question, even apart from the job losses, is how Obama can be
considered compassionate when he is taxing such desperately needed
items as catheters, pacemakers, insulin pumps, asthma inhalers,
artificial hips, prosthetic limbs, chemotherapy ports, and
thousands of other life-saving or hugely life-improving
products.
Oldefarte| 11.3.12 @ 1:09PM
"Compassionate"? I don't think so. He/Democrats throw around words with their slanted meanings constantly but everyone must remember that he/they """""LIE""""""" [ie their defination of the "middle class" is anyone receiving governmental welfare, and not the true meaning of this term]. So his/their intended purpose of "compassionate" would be in the narrowed sense of stealing/borrowing/taking etc from the fat-cat rich "FOLKS" [ie ANYONE WITH A JOB OR INCOME] via taxiation and then redistributing same to their politically favored indigent class of governmental welfare recipients!!!!!!!!!!
Occam's Tool| 11.3.12 @ 1:42PM
The Owner of Stryker is an ultra Liberal Democrat. Hoisted by Own Petard!
geronl| 11.4.12 @ 4:21AM
If you guys do an election prediction blogpost, remember I am guesstimating 296. My opinion is invaluable and worthless of course. How did I come to this awesomely, stunningly, simplistic conclusion??
http://asspos.blogspot.com/201.....rs-of.html
Commander Kelly | 11.4.12 @ 6:22AM
The November Surprise: "Queen Elizabeth Endorses Romney" only here...http://americanconservativeinlondon.blogspot.co.uk/
Mick Lee| 11.5.12 @ 7:34AM
One can be cynical and look at it this way. As medical care advances, new technology is expensive and with the American preference for the best care national medical costs are driven upwards. Solution? Slow down medical advances and expensive revisions in standards of care by eliminating or hampering new technologies.
Likely? Who knows. Are Obama and his pals smart enough to be able to conceive such a strategy? Well...