Obama’s Electronic Medical Records Scam
Here’s more evidence that government “cures” are inevitably worse than the “diseases” they seek to wipe out. Buried in the trillion-dollar stimulus law of 2009 was an electronic medical records “incentive” program. Like most of President Obama’s health care rules, this top-down electronic record-sharing scheme is a big fat bust.
You know who is benefiting from the initiative? Put on your shocked faces: Obama donors and cronies.
“We’ve literally put all of our new product development on hold … so we can afford to pay the stupid tax.” [Darleen Click]
That would be the ObamaCare tax on medical devices – everything from tongue depressors to insulin pumps.
[O]ver at Uresil, LLC, in Skokie, Ill., the layoffs have already started. The company laid off six people from its 52-person workforce this year, “primarily related” to the tax, President Lev Melinyshyn said.
“We had never laid off anybody,” he told FoxNews.com. “We bought the company in 2004, never had a layoff. In fact, even during the recession, we added jobs. … It wasn’t until this tax hit us that we had to do it.” […]
The Affordable Care Act imposed the 2.3 percent tax on medical devices with the goal of raising nearly $30 billion over the next decade. 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.
Melinyshyn, for instance, said his total tax burden on profits will rise from 43 percent to 65 percent next year.
Obamacare: You get less than half the value at more than twice the price!
I think Democrats call that “fairness”.