The fight continues over Obamacare. One of the many elements that the parties cannot agree upon is the excise tax on medical devices. There is some confusion as to what a medical device is and who will be paying this tax. For example, bandages and tongue depressors are considered medical devices and will be taxed if sold to a hospital or other medical provider. However, the average consumer purchasing those items for personal use at a store would not pay the tax. There are also exemptions for some devices such as eyeglasses and contacts.
For more examples read, “Medical Devices: What’s Taxed, What Isn’t.”