The financial outlook for hospitals under healthcare reform initially appears rocky but may perk up with time. Medical devices makers, on the other hand, should brace for difficulties, according to a report published July 17 by Moody’s Investors Service.
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July 10, 2013, The Wall Street Journal, LAURA MECKLER, JENNIFER CORBETT DOOREN and PETER NICHOLAS
When Obama administration officials delayed a central plank of the new health law—requiring that big employers offer health insurance to workers—they said it was to help businesses pleading for more time. Left unsaid was the federal government hadn’t written key rules guiding employers, according to current and former administration officials, and computer systems that were supposed to run the program weren’t operational. The delay has opened the door for critics and allies alike who are now raising questions about the administration’s ability to implement the biggest domestic policy initiative in a generation.
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Here are some key facts about the medical device excise tax from our general counsel Robert Kerwin.
Here is a copy of the letter from Rob Kerwin, General Councel for IAMERS, to Kara Getz, Esq., Tax Counsel to the Hon. Richard E. Neal, U.S. House of Representatives, regarding the January 2013 Medical Device Excise Tax. It is our priority to get clarification from the Department of Treasury on whether or not the excise tax applies to pre-owned medical equipment. We have requested a conference call with them to clarify this matter.
We will keep you posted on the progress.