Posts Tagged ‘medical devises’

Obamacare Tax Increases Will Jack Up Vet Bills To Pet Owners Due To Cross- Over Medical Devices

December 8, 2012

American health care consumers aren’t the only ones who will be hit by slated Obamacare tax hikes. Medical bills for their pets may go up as well.

According to a rule published Friday by the Internal Revenue Service, some medical devices used in veterinary practices will be hit by Obamacare’s 2.3 percent device tax. Many of their manufacturers are expected to hike prices, meaning higher veterinary costs for the nation’s pet owners.

The tax will not hit devices that are used exclusively for veterinary purposes. But a host of such devices are manufactured for use in both human health care and veterinary practices. Those devices’ manufacturers will have to pay the tax.

Obamacare tax will increase vet bills through increase on taxes for  medical device  prescribed by doctors and vets.