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D4PC: A two time supporter of the Obama healthcare law, former Democrat Senator Evan Bayh gives his new opinion of the unintended consequence of the ACA's tax on the medical device indusry.

The Supreme Court decision in June upholding the Affordable Care Act leaves in place a tax on medical devices that threatens thousands of American jobs and our global competitiveness. It will also stifle critical medical innovation in the industry that gave us defibrillators, pacemakers, artificial joints, stents, chemotherapy delivery systems and almost every device we depend on to save lives.

The 2.3% tax will be charged to manufacturers on each sale and takes effect in January. Many U.S. device companies, in response, have already announced layoffs, canceled plans for domestic expansion and slashed research-and-development budgets.

Given the fragile state of the U.S. economy, Congress must move quickly to redress the harm from this tax before it becomes irreversible.

 

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Nearly 6 million Americans — significantly more than first estimated— will face a tax penalty under President Barack Obama's health overhaul for not getting insurance, congressional analysts said Wednesday. Most would be in the middle class.

The new estimate amounts to an inconvenient fact for the administration, a reminder of what critics see as broken promises.

The numbers from the nonpartisan Congressional Budget Office are 50 percent higher than a previous projection by the same office in 2010, shortly after the law passed. The earlier estimate found 4 million people would be affected in 2016, when the penalty is fully in effect.

Nonetheless, in his first campaign for the White House, Obama pledged not to raise taxes on individuals making less than $200,000 a year and couples making less than $250,000.

First the Supreme Court rewrote President Barack Obama’s signature health reform law to save it from the Constitution. Now the Internal Revenue Service claims its new rule can interpret the law in a way that violates its text and history.

The latest outrage against common sense is an IRS rule finalized on May 23. The rule makes tax credits available to participants in federally run health insurance exchanges created under the Patient Protection and Affordable Care Act (aka ObamaCare). But while Section 1311 of ObamaCare allows tax credits to certain people in state-run exchanges, Section 1321 – the section regulating federally run exchanges – does not.

Nevertheless, the new IRS rule specifies that tax credits will be available through exchanges “established under section 1311 or 1321” of ObamaCare.

By rewriting ObamaCare without statutory authorization, the IRS is engaging in an illegal power grab that will cost taxpayers billions.

This week marks the two your anniversary of the passage of the PPACA (OBAMACARE). The White House recently held a meeting with more than 100 left-wing organizations who support the government takeover of American healthcare. As this memo leaked from the meeting shows, the progressive left is engaged in another tax-payer funded public relations blitz in order to persuade the American people to embrace ObamaCare.

The information below will dispute their claims how ObamaCare helps women. The Left states that ObamaCare: prohibits insurance companies from denying coverage to women due to preexisting conditions, gives women preventative care such as mammograms and birth control at no out-of-pocket cost, and will prohibit insurers from charging women higher premiums than they charge men. Let's examine these claims individually:

The recently enacted Patient Protection and Affordable Care Act, the federal government’s sweeping health care legislation, will impose significant new costs on state government budgets, while also constituting a significant usurpation by the federal government of long-standing state authority over health insurance regulation.