Excise tax on medical supplies?

Wade8813

Registered Member
#1
FACTS ARE STUBBORN THINGS: IMPLICATIONS OF H.R. 3962

This is the bill that was approved by the House of Representatives, and is now before the Senate.

30. Taxes on Medical Devices: H.R. 3962 would impose a 2.5 percent excise tax on medical devices, beginning in 2013, raising taxes by $20 billion. The Congressional Budget Office, and other independent experts, has confirmed that this tax would be passed on to consumers in the form of higher prices-and ultimately higher premiums. Section 552, page 339

How H.R. 3962 Cuts Funding for Seniors:

31. H.R. 3962 Includes Over $500 Billion in Cuts to Medicare Starting in 2010, including:

- $23.9 Billion in cuts to Skilled Nursing Facilities

- $56.7 Billion in cuts to Home Health Care Providers

- $143.6 Billion in cuts for Hospitals, Skilled Nursing Facilities, Long Term Care Hospitals, Inpatient Rehabilitation Facilities, Psychiatric Hospitals, and Hospice Care

- $3 Billion cut in payments for Imaging Service

- $170 Billion in cuts to Medicare Advantage
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