Medical Excise Tax Showing Up Thanks to Obamacare

Wow.  That is a lot of money that Obamacare needs to get ahold of.

At the end of the day, the Medical Device Excise Tax was supposed to generate an additional $29 billion to help pay for Obamacare. During the deliberations of the 2009 law, the bill’s authors envisioned the $29 billion coming from “big companies” who made or imported the devices. More than one of the medical device manufacturers say that their operating profit margins are so thin, that they have no choice but to pass the cost on to consumers.

It appears that much of the $29 billion will be coming from the pockets of consumers.

via Why Was a 2.3% ‘Medical Excise Tax’ Showing Up on Receipts from Sporting Goods Giant Cabela’s? | TheBlaze.com.

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About James Grimes

A geek looking for some fun.
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