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Is there a 2.3 percent medical excise tax under ObamaCare?

Updated: 8/20/2019
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11y ago

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Yes and no. There is a tremendous amount of misinformation around this subject, and fortunately, Snopes.com did a good job of cutting through the myths. Short answer, there is a 2.3% excise tax ONLY on the sale of medical devices, and it mainly applies to the manufacturers of these machines, which must be for the purpose of diagnosing or treating diseases. The excise tax does not apply to such items as eye-glasses or hearing aids, and internet stories of people seeing the tax applied at such non-medical places as clothing stores are false. (It should also be noted that health industry lobbyists are trying to get the tax removed or scaled back.) I enclose the link to Snopes.com, which explains in detail what is and is not taxed.

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Q: Is there a 2.3 percent medical excise tax under ObamaCare?
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