You are either an Obama shill or just short medical device companies.. Windfall ?? Give me a break..
Why not tax AAPL, or big oil.. ?? There's your windfall.. The medical device tax is ONE of the worst aspects of the ACA.. Most DEMs and REPs agree...
Medical Device companies have made several advances that have improved medical care for the patient. They have made possible treatments and cures that were not possible in the past. They have reduced treatment times, complications, inconvenience and cost to the patient.
The medical Device Tax is an Innovation Killer. Small cash flow negative companies generate many of the medical care advances. If you tax them when they are just starting to generate revenue--- you will dry up the high risk investments which makes the R&D possible in the first place.
The tax is also a Job Killer a small Medical Device Company here in Central New York moved 80 jobs to Mexico this past summer because of the tax.
Those in favor claim the medical device companies will get a windfall from Obamacare. I seriously doubt that, but in the end all taxes get passed onto the consumer.
Furthermore, what about the windfall to the Pharmaceutical and Health Insurance Companies --- Why single out Medical Device companies???
Our Congressional Representative and 2 New York Senators voted for Obamacare and the Medical Device tax. Now they along with 16 other Senate Democrats have broken ranks with the Democrat party and want it repealed. I guess they were "for it before they were against it". I suppose that is what happens when you have to pass a 2000 page bill in the middle of a weekend night of "so you can find out what is in it."
the summer of 2012, the House Republican passed a bill repealing the Medical device tax. Harry Reid would not let it come to the floor of the Senate. At least the Republicans realized medical device advances will not occur if we tax the small innovative Medical Device companies out of existence.
So my answer to you is.... " NO the Medical Device Tax must GO!"
The House bill repealing the tax on medical device sales is helping boost the share prices of ARAY and VAR today. If the Senate capitulates on this point - and The Peter Principle in (Affirmative) Action signs off on it - the boost may continue or it may be a case of buy the rumor, sell the fact. Either way, a repeal of the medical device tax would be good for ARAY shareholders (as well as everybody else).