I've read that the new taxes are really hammering the makers of medical devices. Some of them have had large layoffs just to try to stay profitable. The costs to us (via insurance premiums) are going to jump dramatically.
Just to clarify, the medical device tax is of the GROSS SALES amount, which according to my tax guy - unprecendented. 2.3% tax at that line item is a HUGE
amount due to the small margins some of these manufactures work with.
"We have to pass the bill to see what's in it" - Remember?
Elections matter.
