Quick quiz: What aspect of the Affordable Care Act — aka “Obamacare” — is under attack by Democratic Sen. Amy Klobuchar, Democratic Sen. Al Franken and Third District Republican U.S. Rep. Erik Paulsen?
Answer? The Medical Device Tax, which took effect Jan. 1.
Essentially, it’s a 2.3 percent manufacturers excise tax that is projected to raise $30 billion over the next 10 years. The new revenue will pay part of the government’s cost of subsidizing health insurance for 30 million people who currently have none.
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Published on February 15, 2013 08:13