Crush Liberalism

Liberalism: Why think when you can “feel”?

Shocker: MA medical device companies laying off workers to pay for ObamaCare tax

You mean businesses won’t eat costs imposed on them by Big Government?  Huh.  Who knew?  I mean, aside from me and everyone who isn’t a functional economic illiterate, who could have seen this coming?

Massachusetts medical-device companies say they’ll cut back on operational costs – and jobs – after a planned 2.3 percent tax on their products is implemented in 2013, according to a new survey.

The Massachusetts Medical Device Industry Council, which held its annual meeting yesterday in Boston, said about 90 percent of the 100 medical-device firms said they would reduce costs due to the new tax tucked into the recently passed health-care reform bill.

The tax – imposed to help pay for the massive health-care industry overhaul and expansion – is “of the greatest concern” to a majority of its members, the survey found.

About 70 percent of the survey respondents said future innovation will be hurt by a new federal “physician sunshine bill.” The bill will require medical-device firms to report their marketing expenditures on physicians, and a recently passed gift-ban law in Massachusetts.

About 41 percent of the council’s members said the new health-care bill will help the industry by expanding the number of people getting health-care insurance.

But 42 percent said the new health-care reform bill won’t increase their business, the survey found.

Awesome.  Nothing encourages innovation in medical technology quite like taxing the companies that produce said innovation.

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May 6, 2010 - Posted by | big government, economic ignorance, health care, Massachusetts, socialism, taxes

4 Comments »

  1. Amen brother.

    Comment by Liberty | May 6, 2010

  2. […] falling faster than Obama’s approval ratings CMBlake6: Rather Useful Intel Crush Liberalism: Shocker: MA Medical Device Co to lay off workers to pay for Obamacare Tax TooSmallToSucceed: Sarah Palin, You Betcha-You The Left […]

    Pingback by Let’s have Taliban remembrance day and American flags would be deemed inappropriate « Obama says… | May 6, 2010

  3. I work for a medical device manufacturer. This was discussed in a company-wide meeting towards the end of last year. We were told that this is basically a revenge tax. Obama and his cronies are pissed that the medical device manufacturers didn’t come to the table and bend over and spread. Apparently, the government has a set amount they want to collect each year. They decide what percentage of the medical device market each company has. They are then responsible for that percentage of the overall amount the government is looking to collect. It doesn’t matter how profitable a company is, or if they are having a bad year. A company could be in the red with sales down, and they still be saddled with millions in additional taxes. And of course to cover it, prices will skyrocket…which will make health care more expensive…which will cause Odumba to stick us all with more taxes.

    Comment by Tom | May 8, 2010

  4. They are then responsible for that percentage of the overall amount the government is looking to collect. It doesn’t matter how profitable a company is, or if they are having a bad year.

    Didn’t we see this on “The Sopranos”?!!!!

    Comment by tnjack | May 12, 2010


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