Paul van de Water: Scare Talk on Medical Device Tax Doesn’t Square with Reality:
We recently updated our paper explaining why the 2.3 percent tax, which helps pay for extending health coverage to millions of uninsured Americans, is sound and why the arguments against it do not withstand scrutiny…. The medical device tax isn’t a tax on wheelchairs… does not apply to eyeglasses, contact lenses, hearing aids, mechanical and powered wheelchairs, and any other medical device that the public generally buys at retail for individual use. It does apply to such devices as coronary stents, artificial knees and hips, cardiac pacemakers, irradiation equipment, and imaging technology. Health reform will boost sales of medical devices.