Home » Opinion » Editorials
Shaheen's hindsight: Rethinking the medical device tax
On Dec. 4, Sen. Jeanne Shaheen signed a letter asking Senate Majority Leader Harry Reid to delay implementing Obamacare's 2.3 percent medical device tax, which is set to take effect on Jan. 1. It took her only two years, 8 months and 13 days to do it. That is how much time elapsed between her voting for Obamacare and signing the letter. The Senate has only 19 days left to act before the tax takes effect. Where, one wonders, has Shaheen been all this time?
Shaheen was one of 16 (14 senators and two senators-elect) to sign the letter. Among them were Sens. John Kerry and Sen.-elect Elizabeth Warren of Massachusetts, Sens. Al Franken and Amy Klobuchar of Minnesota and Sens. Charles Schumer and Kristen Gillibrand of New York - all Democrats from states with a vibrant medical device industry, which is about to get whacked hard by the tax most of them voted for.
The Advanced Medical Technology Association says the tax will cost 43,000 jobs. It will also raise the cost of medical care, as manufacturers will of course pass the tax along to consumers. Tim Steele, owner and founder of Microspec in Peterborough, told the Union Leader last month, "Everyone is talking about medical care costs going up, and here is something that is making them go up even faster."
Such are the unintended, though perfectly predictable, consequences of wealth redistribution. That Shaheen is scrambling at the last minute to lighten the impact shows that she understands how harmful it is going to be. If only she had listened when this was pointed out at the time.
READER COMMENTS: 3
- Minimum wages: Maximum spin - 13
- A CIA bombshell: Feinstein and the Fourth - 1
- Supervised visitation: The metal detector problem - 1
- Charter cap trap: A restriction to repeal - 0
- Taken for a ride: Hooksett’s Pinkerton deal - 4
- Bedford’s road bond: A good deal for a big fix - 1
- Legislative ethics: NH way works better than most - 0
- Blue shame: Obamacare's big change - 19
- Obamacare's new trick: Only temporary relief - 21
READER COMMENTS: 0
- UNH hires former Attorney General Delaney to investigate reporting delays on athletic improprieties - 0
- No dice: House kills casino gambling bill - 0
- Poetry Out Loud championship rescheduled due to storm - 0
- Portsmouth buildings evacuated for reported gas leak - 0
- Mass. man dies in Chesterfield crash - 0
- Manchester collision results in pedestrian's death - 0
- SCORE workshop offers social media tips - 0
- Sens. Shaheen, Ayotte slam latest push for online sales tax - 4
- Bedford girls basketball team spreads the scoring wealth - 0
SCORE workshop offers social media tips
Minimum wages: Maximum spin
Hooksett votes down Pinkerton schools deal