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Medical companies brace for
´devastating´ ObamaCare tax,
prepare for layoffs

Fox News, by Judson Berger

Original Article

Posted By:KarenJ1, 12/13/2012 3:38:09 PM

Andre DiMino has been running medical device company ADM Tronics since his father, who founded the decades-old firm, died in 2001. He´s never laid off anybody. "These people are like family with us," he said. The boss might not be able to hold out much longer. Come Jan. 1, an ObamaCare-tied tax specific to his industry is expected to go into effect. Though the Obama administration has downplayed the impact, DiMino calls it "devastating." "I think after all of these decades of not laying people off, I think we may have to face that," DiMino told FoxNews.com.

Comments:
Like Rush said, what kind of sick people think of things like this. Democrats of course! Maybe the newfound interest by those 17 Democrats will save them. s/o Thye sure weren´t concerned when they shoved this lousy, unconstitutional law through.

      


Post Reply  

Reply 1 - Posted by: TakeBackAmerica, 12/13/2012 3:41:32 PM     (No. 9063897)

Insipid morons who kept this Marxist traitor´s dictatorship going will regret it. Very soon.

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Reply 2 - Posted by: Jethro bo, 12/13/2012 3:57:21 PM     (No. 9063930)

Looks like some folks that aren´t the top 1% are about to pay their fair share as well. But at least their sacrifice will be for the greater good.

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R-G1
  
R-VAR_AD


 
Reply 3 - Posted by: Booneboy, 12/13/2012 4:02:26 PM     (No. 9063937)

As Democrat Waxman would say, "So What".
And I agree with him. The voters and the courts have spoken, end of story.

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Reply 4 - Posted by: cpfmon, 12/13/2012 4:03:52 PM     (No. 9063946)

Maybe the DIMS should have read the bill before they voted for it. Don´t they know how business works? For every extra dollar that businesses pay in taxes employees are going to earn less and or let go.

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Reply 5 - Posted by: BaseballFan, 12/13/2012 4:20:06 PM     (No. 9063987)

"How many people are gettin´ insurance through their jobs right now? Raise your hands? A´right. Well, a lot of those folks, your employer, it´s estimated, would see premiums fall by as much as 3,000%, which means they could give you a RAISE!"

- that Obama guy, campaigning (natch) in Ohio, March 2010.



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Reply 6 - Posted by: Philipsonh, 12/13/2012 4:20:53 PM     (No. 9063988)

Ironic justice. A Democratic Congressperson needing a medical device that is no longer manufactured because of Obamacare. Company was taxed out of business- too bad - so sad- never happen though - individual would go to another
Country to have the procedure, there they support Capitalism. Most likely - Canada.

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Reply 7 - Posted by: HicksvilleKid59, 12/13/2012 4:21:15 PM     (No. 9063990)

First rule of tax: What ever you tax, you get less of.

Well, America...you voted for it, you own it.

(as the rest of us that didn´t vote for it also own it. Thanks, dimwits.)

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Reply 8 - Posted by: schnapps, 12/13/2012 4:21:38 PM     (No. 9063991)

FTA: Greg Huck of Vitalcor, Inc. -- suggested lawmakers should at least carve out an exemption for small companies and start-ups.

Bzzzt! Sorry Greg, wrong answer. Bad legislation is bad legislation. Fight it, don´t compromise.


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Reply 9 - Posted by: FL_Absentee_Voter, 12/13/2012 4:27:38 PM     (No. 9064004)

The Obama administration earlier this year defended the medical device tax, saying companies actually stand to benefit from the law. Though the 2.3 percent tax hits the industry, the department argues that the millions of new health care customers insured as a result of the law will increase the demand in hospitals to order more equipment -- in turn boosting medical device companies´ profits.

Absolute insanity. New customers insured by the taxpayers.

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Reply 10 - Posted by: frenesi1, 12/13/2012 4:42:13 PM     (No. 9064037)

Stryker is a hugh Obama supporter.

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Reply 11 - Posted by: oh-heck, 12/13/2012 4:44:07 PM     (No. 9064044)

The Dims just don´t understand how unpopular government is going to become in in a little over 2 weeks. The GOP will be unhappy; the Dims will be livid. The real question is going to be, which part should be fixed first? Once all the extensions expire, the Dims will have to legislate. They have forgotten how to do that. Obama will have his revenue, now you need to cut something to reduce taxes. Its going to be very ugly for Dims.

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Reply 12 - Posted by: kono, 12/13/2012 4:48:44 PM     (No. 9064056)

Instead of telling everybody to bend over and think happy thoughts, though, why doesn´t Ø contort his body the way he contorts the truth and just roger himself?

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B-G1


 
Reply 13 - Posted by: tonyl, 12/13/2012 4:50:30 PM     (No. 9064060)

Those stupid and or selfish enough to vote Obama will never get it. They just stay on the take. The takers are now the majority. God help us.

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Reply 14 - Posted by: TXknitter, 12/13/2012 4:59:11 PM     (No. 9064078)

No sympathy AT ALL if this guy voted for Obama.

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Reply 15 - Posted by: starboard, 12/13/2012 5:29:42 PM     (No. 9064122)

She wouldn´t make it on Iron Chef or Chopped. The cooking channel is one my favorite cable channels. They have some great stars, however Sandra Lee is not one of them and is an automatic switch to another channel.

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Reply 16 - Posted by: Di Guy, 12/13/2012 5:31:13 PM     (No. 9064126)

This is what they voted for. This is what they got.

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Reply 17 - Posted by: bob913, 12/13/2012 6:21:27 PM     (No. 9064188)

Democrats exempted themselves!!
They don´t care about you!!

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R_DBL_B
  


 
Reply 18 - Posted by: hamrman, 12/13/2012 7:03:29 PM     (No. 9064258)

This in and of itself would tell a normal leader that there is something wrong with the bill of goods that was forced on the American People. However now Nero is tuning up his fiddle because Rome is going to start burning!

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Reply 19 - Posted by: Bobn.T, 12/13/2012 7:16:14 PM     (No. 9064285)

layoffs - a way sweeping across the country and destroying the nations economy.

Zero - America´s most formidable enemy ever.

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Reply 20 - Posted by: johngalt1, 12/13/2012 8:13:00 PM     (No. 9064344)

The media would be doing Americans a favor by identifying the specific knuckleheads responsible for pushing this tax on medical devices.

In the must-reads today (“The Real Fat Cats”) Victor Davis Hanson suggests proposing a surcharge on tickets for movies, concerts, and sporting events, industries populated by droves of multimillionaires who cater to people with lots of disposable income that they choose to spend on non-essential luxuries.

This makes a lot more sense than crippling a medical devices industry that improves the quality of life for ailing and elderly people, who in many cases, have little or no disposable income to spend on these essential devices.

A 2.3% tax on medical devices will raise health care costs, reduce employment and R&D spending in this industry, and chase these businesses out of the country.

A 2.3% tax on tickets for movies, concerts, and sporting events would raise more revenue and barely knick the incomes of the very wealthy stars who work in these industries, that in many cases, already benefit from tax-payer subsidies and incentives.


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Reply 21 - Posted by: LanieLou, 12/14/2012 3:21:39 AM     (No. 9064697)

AARP´s UHC, a huge supporter of ObieCare, in Tampa Bay announced reduced reimbursements to hospitals & docs... who promptly dropped UHC as an insurer they accept!

I went on the approved doc list for a new rheumatologist & the doctors offered would be treating me from Puerto Rico. What... by email?

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