ObamaCare included a $20 billion job-killing tax increase on medical devices, and the medical device industry is already preparing to cut costs as a result of the tax increase, which doesn’t begin until January 1, 2013.
A recent survey of the Massachusetts Medical Industry Research Council found that about 90 percent of medical device manufacturers said they would reduce costs, including cutting jobs, because of the tax increase.
Members of the Massachusetts Medical Industry Research Council include companies that make defibrillators, heart monitors, pacemakers, and stents.
The medical device tax was part of ObamaCare’s $569.2 billion in total job-killing tax increases at a time when the country has a 9.7 percent unemployment rate.
For previous ObamaCare Flatlines, go to http://www.gop.gov/obamacare.