Thursday, June 28, 2012

Court Ruling Lets $813 Billion in Higher Taxes Proceed - Pharma, Health, Medical Devices

Court Ruling Lets $813 Billion in Higher Taxes Proceed - Bloomberg:

"The health-care taxes in the law also included industry fees for pharmaceutical makers and health insurers, plus a 2.3 percent excise tax on medical devices that aren’t sold directly to consumers, such as hip implants and cardiac stents.

The House of Representatives voted 270-146 on June 7 to repeal the medical device tax, which is scheduled to take effect in 2013. Combined, those three industry fees and taxes are expected to generate $165 billion, according to the new estimate."

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