New Health Care Bill = 2.5 % Excise Tax on Medical Devices

Friday, December 04, 2009

Section 552 of Speaker Nancy Pelosi’s Health Care Bill proposes to establish an excise tax in the amount of 2.5% on medical devices sold for use in the United States. The MDMA (Medical Device Manufacturers Association) reports that the cost to their industry would exceed $20 billion dollars over the next ten years and a sure halt in job creation.

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