THE CRANKY OLD MAN
Random thoughts and stuff from a cranky old man. Humor (maybe), satire, and some politics, mostly stuff from a confused head.
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Saturday, March 23, 2013
OBAMACARE…LET THE FALLOUT BEGIN
That’s right; it is once again time for:
Cranky Opinion Saturday
There is a bipartisan
push in the Senate to repeal a new “Medical Device Tax” that is part of the twenty
thousand page “Obamacare” legislation passed three years ago.This tax it is now determined will have a
negative effect on development of new devices and procedures.Experts in the medical field claim it will
increase costs for patients and hurt the companies that produce these
I don’t know
a thing about these devices or the effect of the tax.I leave it up to politicians to answer those
questions and given time I believe this and other items in the “Obamacare” law
will be corrected and amended until someday we might get some decent
legislation out of it.
actually I don’t believe that, but I try and stay positive or at least neutral
in this blog.
thing that intrigued me in this whole story was the Obama administration explanation
of why the tax which would raise 30 billion dollars over the next ten years is
a good tax, and is in fact beneficial to the medical device companies that are
“The Obama administration has 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.”
I don’t know diddlysquat
about the economics of this tax or the effects of “Obamacare”but
I do know gobbledygook when I hear it, and man can politicians play with facts
First of all, what
genius can state unequivocally that any tax will bring in 30 billion dollars
over ten years?I know, X dollars a year
on X number of devices blah, blah, blah and simple math will arrive at a figure.
Then this same genius turns away from
simple math and extrapolates pure guesswork that “millions of new customers” (courtesy
of Obamacare funded by this tax) “will increase demand for products of medical
device companies and boost their profits!”
So…this new tax
will raise 30 billion dollars over ten years to help fund Obamacare, but the
increased number of Obamacare customers will create a demand for devices that
will boost prices to more than make up for the tax on these companies.
increased demand that boosts profits and prices make medical care more
expensive and negate any benefit of Obamacare?
The EXPERTS are guessing and making stuff up, and my mind is
You cannot take cut
and dry math and make assumptions ten years down the road where there are so
many variables it is ridiculous and then make up your own variables to explain
how a given tax will benefit not only the beneficiaries of the tax but also those
Well you can, but
it is bull spit!
The preceding has been the opinion of a cranky old man
and not necessarily that of management…Mrs. Cranky.