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Medicine 2012-06-14

Quality Med Inc. of Tucker, GA Considers Consequences of Medical Device Tax

The government is planning to implement a tax on makers of medical devices. Quality Med Inc. of Tucker, GA believes that the tax could severely impact their business, as well as the growth and contributions medical devices make around the country.

NEW YORK, NY, June 14, 2012

President Obama's health care law has consistently been attacked by GOP officials throughout recent years, but now, Democrats and Republicans may be acting against it together. According to an article in The Washington Times a law could be passed in January that calls for a 2.3 percent tax increase "on the sales of manufacturers that produce x-rays machines, medical monitors, life-support equipment and other devices." If the repeal goes forward it will mark the 30th GOP attempt to "poke holes" in Obama's health care initiatives. Many experts believe, including those at Quality Med Inc. of Tucker, GA, that if the proposed repeal passes it could have a severe effect on medical suppliers in addition to consumers across the country.

The most concerned politicians are those in states highly concentrated with medical supply manufacturers. As listed in the article, Minnesota, Utah, Delaware, Massachusetts, Indiana and New Hampshire are the biggest suppliers of medical devices. Not only will the tax greatly impact these businesses, it will cause an eventual drop in jobs and possibly limited resources of medical supplies throughout America and the rest of the world.

Amy Klobuchar, Minnesota Senator, has long opposed the tax since her state labor force has the highest percentage of workers in the medical device manufacturing industry. In the article, the politician states, "I understand the impact the fee would have on small and large medical-device companies in Minnesota, which create thousands of jobs in our state and improve the lives of patients all over the world. That is why I worked to cut the tax in half and delay its implementation, and I will continue to support efforts to reduce or eliminate this fee."

While a 2.3 percent tax may seem minimal, Quality Med Inc. adds in a statement, "The cost of health care and equipment is high enough without additional burdens being placed by the government." The company has provided quality pre-owned surgical and lab equipment for to make sure hospitals and medical clinics receive affordable tools. Quality Med Inc. adds that its business is already an indicator that medical supplies are expensive and manufacturers should not face a tax, where costs may be passed on to consumers.

ABOUT:

Quality Med Inc. of Tucker, GA seeks to make the process of selling pre-owned surgical or lab equipment as easy as possible. The company is a medical equipment buyer and reseller obtains essential devices that improve medical care across the country. The company helps provide affordable options to hospitals, medical clinics, surgery centers, ophthalmic, and private practices. The company's mission is to promote health, recycle technology and provide inexpensive options to better the country's health as a whole.

Website: http://qualitymedinctuckerga.com/