Will The Affordable Care Act Be Beneficial?
Friday, February 8, 2013 - 12:32
in Mathematics & Economics
At the start of this year, a controversial feature of President Obama's Affordable Care Act (ACA) went into effect. Under the ACA, medical devices companies will have to pay new tax of 2.3% on gross sales. While medical devices companies have opposed the tax, saying it will hurt research and development activities, proponents of ACA say, of course, that more taxes will be good for them. In progressive economics, companies such as Hologic Inc. and St. Jude Medical Inc. will get more customers due to their higher taxes and that will boost sales of medical devices. read more