Here's an interesting development, and we know ObamaCare must be much worse than most imagined when senate democrats now agree a key provision of ObamaCare must be repealed
The Hatch-Klobuchar amendment to the GOP budget plan is the latest effort to roll back the tax that applies to a range of medical products, from surgical tools to heart devices. It’s among several taxes in Obama’s 2010 health care overhaul. The amendment passed the Senate by a vote of 79 to 20
“Today, bipartisan members of the Senate spoke loudly and clearly that this tax on medical devices simply must go. It is a drain on innovation, on job creation and on our ability to provide ground breaking medical technologies to patients,” Hatch said in a statement.
The Affordable Care Act levies a 2.3 percent tax on medical devices . . . . . . .
Manufacturers say the impact of the tax is far greater than meets the eye -- the 2.3 percent tax is on gross sales, meaning it's a much greater percentage of net income.
As a sidebar, and totally under the radar, so much for "transparency", this hidden tax on gross
sales in effect became a government take-over (nationalization) of medical device manufactoring companies very similarly to how foreign dictatorships have nationalized formerly private industries. It immediately devalued these compannies to the extent that many just closed their doors or decided to relocate outside the United States.