Medical Device Tax

Discussion in 'Healthcare/Insurance/Govt Healthcare' started by chanel, Jul 11, 2012.

  1. chanel
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    chanel Silver Member

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    U.S. tax on medical devices a huge burden | NJ.com

    Of course Obama will veto the repeal. Sending jobs overseas and destroying small businesses is all part of the plan...:mad:

    Comments?
     
  2. uscitizen
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    uscitizen Senior Member

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    more than 87 percent of medical device companies expect their foreign growth to exceed domestic growth

    Hmm must be in those foreign socialized medicine countrys.
     
  3. onecut39
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    onecut39 VIP Member

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    My son works in the medical device industry. Everything said here is either false or misleading. Almost everything they make is assembled overseas. In some few instances the parts are made in the US but the assembly is still done overseas. The medical payment system is so screwed up in this country that a device that costs 50 bucks to make may sell for up to a thousand dollars.

    These devices are strewn around like popcorn in the hope that enough will be paid for to make a profit.
    So far that is working wonderfully well............for the company.

    Patients? Not so much.
     
  4. chanel
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    chanel Silver Member

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    Medical Device Makers: Health Care Law Will Cost Jobs | News | Manufacturing.net
     
  5. Big Black Dog
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    Big Black Dog Gold Member Supporting Member

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    Fuck... Let's tax EVERYTHING and get it over with. That's what the Democrats want.
     
  6. Pho_King
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    Pho_King BANNED

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    Not to worry. Only individuals making over 200k a year ever need medical devices. They will shoulder this tax
     
  7. uscitizen
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    uscitizen Senior Member

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    "more than 87 percent of medical device companies expect their foreign growth to exceed domestic growth [/B]in the coming years. "

    Hmm does this really have anything to do with the tax or is just normal growth?
    Yum foods growth has been overseas recently as well.
    Emerging foreign markets as we Americans pump more of our money into China and such places.
     
  8. chanel
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    chanel Silver Member

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    Obviously many of these companies are already doing that. But these companies do employ a lot of people in this country, esp. in NJ.

    If this tax eats up more than they make in profits, it would make sense to move operations to lower costs.

    I'm no accounting professional, but how many other industries are taxed on total sales and not on profit?
     
  9. uscitizen
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    uscitizen Senior Member

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    Yes several "ifs" there.
     
  10. chanel
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    chanel Silver Member

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    There always are. But that's exactly why the ACA should not have been passed in haste. Too much uncertainty. Too much at stake.
     

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