70 billion was cut from Medicare to assist in paying for the obamma tax/ACA. There will be a retraction of the market for all cardiovascular products that BSCI produces since the CV market is mainly medicare pts. Seniors were sacrificed to pay for this tax. Seniors can no longer afford to go to the doctor so now they arrive at the hospital DOA since they can't afford the preventative care that the 30 million slackers now receive.
My opinion of Congress is not too high either. The shutdown was the most ridiculous thing I've seen. You have to admit, though, that when you antagonize so many people you really can't expect them go along with any of you proposals. Even when you house is on fire.
I agree that every person in this country should be covered. The questions is, at what cost?
Regarding my policy, it is Oxford Liberty EPO policy that covers absolutely everything except few things I don't need, like maternity, pediatric dental, mental health (don't comment on that last one, I am not crazy, just very angry). To be fair, I should make some correction to the numbers I gave in previous posts. The old policy had small out of pocket cap and 100% coverage. The new policy has huge out of pocket cap and 80% co-insurance, which means that if I don't use the insurance at all, I will pay 18K, if I use it up to deductibles I will pay 20K, and if I need a procedure I will pay close to 30K.
Regardless of whether we agree on what Obama is (he doesn't look anything like moderate progressive to me) you have been very patient with your replies. I appreciate that.
I try not to respond to posters who make the leap from callingg the moderate progressive Obama a Marxist and playing on his family name. Maybe I'm misjudging you.
The solution was not the ACA but an extension of Medicare to the entire population, the equivalent of what every other western industrialized society has. However, to get that through Congress was impossible and instead we are getting a payday for the insurance industry and the healthcare complex. I don't doubt your insurance situation, but do wonder what sort of policy you had that is now being obsoleted, whether you are healthy, whether you had made significant use of the coverage and what the insurance company's track record had been in raising costs.
Sentiment: Strong Buy
I am not really that concerned about how Obamacare affects BSX. I am more concerned about the way Barack Hussein Lenin is running the country.
I have said it few times before on other boards and I really hate to sound like a broken record, but I happened to be one of the lucky 5 million who lost their insurance coverage. The replacement policy I found is twice the price. How does 28K a year sound to you? Are you making enough money to pay it? Or are you dirt poor and getting your better, much better, much, much better, policy for free?.
Regarding social benefit. I will consider it. I have considered it. Give me something reasonable, a little tax hike, or cancel some write off, anything that makes sense. Does paying 28K for medical insurance sound reasonable to you? And for what? To give medical coverage to someone who already has it through visits to emergency room?
I ran from Soviet Union three decades ago but it looks like it's catching up with me all over again. Thank god 2016 is just around the corner. Maybe we can get someone sane in the office.
By the way. I am not a Republican.
If you're concerned with how Obamacare will impact BSX and other device companies, consider that with broader coverage from the ACA medical devices and everything else in the healthcare industry will benefit from greater sales. The tax on devices is trivial compared to those benefits. And then there is the social benefit of providing medical insurance to Americans, but that is not the issue you are considering.
It doesn't matter if Obamacare fails or not. The tax will still stay and more taxes will come. This president will do a lot of damage to the country before his term is up. Hillary better start trashing him right now if she wants to have any chance of being elected.
Why do you think fed tapering should affect BSX? Or do you mean it will affect market in general and BSX will slide with the rest of them?
Its not going back to 5-6 but is a little overvalued and will likely trade flat for the short term until the next earnings report. If the Fed Tapers early in 2014 it wouldnt surprise me if this stock drops 10-20%.
BSX Will be the 2014 stock of the Year!!!!!! Company has turned the corner......Too much going forward to go thru all.........HOT BUY.......12 month target 20 to 24.....Sit back and enjoy the ride!!!!!
Sentiment: Strong Buy
The device tax is a trivial amount. Do you think that it would crater your lifestyle if you got 2.5% less pay? Most decades, I live on less than half what I get paid after income taxes, and bank the rest.