Bombing amputees will have to pay more for their artificial limbs due to Obamacare

The least popular tax in Obamacare is the medical device tax. Congress has already tried to repeal it and the medical device industry has been working to get rid of it. As the Manchester Union Leader points out, the tax  has already crippled that industry: When Obamacare was being strong-armed through Congress, the American people were told that the benefits would accrue to everyone while the costs fell on sinister corporations and the wealthy. Among the dark and mysterious business interests that would bear the cost of the new law was the medical device industry. Obamacare included a 2.3 percent tax on the sales price of medical devices - not on profits, so even startups that have yet to make a profit have to pay the tax on every device they sell. Since Obamacare became law in 2010, a funny thing has happened to employment in the medical device industry. It has fallen. U.S. employment in the industry hit 409,000 in 2009, according to research by Diana Furchtgott-Roth of...(Read Full Post)