The company for whom I work has been sending out petitions and has been part of a large lobbying group to try to get this repealed. going to cost my company over $40 million a year. “just pass it along to the consumers” we’ve been told.
Layoffs are on the horizon.
I would imagine the tax would affect the consumer, and ultimately the insurance company because the tax would be passed along to the consumer, and/or then to insurance.
Can you explain about the layoffs, or a cutback in production? If the doctor says you need a pacemaker, and this year the pacemaker costs more than last year (because of this hidden tax.) Is the patient going to say, well since it’s going to cost me more out of pocket, I won’t get it. Or if the insurance company denies to cover the cost and the patient dies...instant lawsuit.
Or is it because some devices are considered optional?
I have an implanted medical device... a baclofen pump (made by Medtronics.) It the only reason I can still walk, so I’d beg, borrow, or steal (well probably not steal) in order to get the device.
But it would be one of the more “optional” choices in devices because I could resort to a wheelchair and lots of anti-spasticity meds and pain pills. Which in turn means I’d be so drugged up I probably wouldn’t be able to work, which means I’d go on disability and get SS disability, which means the gov’t would be paying me instead of me contributing to the tax revenue they get from my salary...oh what a tangled web, etc.
So I guess I can see where some devices might be considered optional. Is that why there’d be layoffs?