Everybody blames President Obama for “Obama care”, when really, congress passed the legislation. If you want to be mad, be mad at Congress. When members of Congress says they are going to repeal Obama care, they are talking about repealing the law they passed. When they complain about the medical device tax and talking about repealing it, they passed it in the first place.
The hype about the medical device tax from the medical device manufacturers is that they will have to lay off employees and shutter their doors. The truth, however, is that they will not have to do either. They will increase device costs, and that will not affect patients one bit.
Skeptical that the device manufacturers won’t follow through on their threats? Consider the February 21, 2013 article by Arezu Sarvestani in the Mass Device Website. The site describes itself as the place for “News and information for the medical device industry and the companies that drive it.” So, if news and information is posted there about the medical device industry, it is reliable.
Sarvestani says in his article that “more than 40% of the medical device makers surveyed say they would raise prices to deal with some or all of the impact or the new 2.3% sales tax compared with only 11% who said they would reduce their staff”. Better yet, he reports that only 1% said they would exit the US market entirely.
The device manufactures go their politics of fear play out of the playbook of one of their biggest fans and supporters, President George W. Bush. They do not enjoy that support with the Obama administration as the later is trying to find real solutions for the economic disaster it inherited.