Friday, January 30, 2015

New York Times Editorial Defends The War On The Middle Class and the Poor: ObamaCare Medical Device Tax Is Necessary So Pay Up

The New York Times editorial page defends ObamaCare to the bitter end:
In seeking to dismantle the Affordable Care Act piece by piece, congressional Republicans have placed a high priority on repealing a tax on medical devices that would raise some $29 billion over the next 10 years to help ensure that health reform will not increase the deficit. Repealing the tax is a terrible idea that has been given a veneer of respectability by support from liberal Democrats in states with large concentrations of device manufacturers. They include Senator Elizabeth Warren of Massachusetts, Senators Amy Klobuchar and Al Franken of Minnesota and Representative Ron Kind of Wisconsin, among others. President Obama ought to veto any bill that eliminates the tax.

The health reform law imposes a modest 2.3 percent tax on sales of medical devices, to be paid by the manufacturers or importers. It applies to such products as X-ray machines, M.R.I. scanners, pacemakers and artificial hip and knee joints but not to eyeglasses, contact lenses and hearing aids. The $29 billion to be raised from the device industry is less than the amounts to be raised from insurers and drug companies, all of which will benefit from increased business under the act and should pay their fair shares of the cost. If the lost revenues from a repeal of the device tax are offset by reduced spending on other health care programs, as they might well be, many patients could suffer medical or financial harm.
Doesn't the NYT care about poor people having to pay higher costs to cover those taxes?