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-- the president's health care overhaul spacing is significant new challenge just months before it is supposed to be implemented.
As the senate strips out a critical part of funding.
A bipartisan group of senators voting to get rid of the medical device stacks and this is supposed to provide the cash for a huge part of -- care.
Fox's Chris are all this Fox News to the politics editor and host of power play on foxnews.com.
Live -- -- I LA OK so this -- to be -- Rare bipartisan.
From lawmakers that they don't like for the most part this medical device tax what don't they like.
Well they don't like that it will.
Would raise cost on medical devices that includes things like pacemakers -- the braces that children get on their teeth.
Or artificial -- and things like that -- it's not necessarily a politically popular thing to tax those kinds of items.
And so there was broad bipartisan support to strip this at about thirty billion dollars worth of tax revenue.
For funding the president's new health insurance entitlement for lower middle class households.
Right so then now if today if that goes -- if the device packs goes away what happens and where we get that thirty billion dollars.
Well you could get it from the bank of China or Ben Bernanke.
You could get it from a new tax you could get it by cutting something else but the message here is that three years -- tomorrow's the third birthday of the president's new health -- entitlement health insurance entitlement and nobody is covered by.
And they're supposed to be starting to be covered by next year.
But as we get closer and closer to implementation.
Things start to look a little less certain and implementation looks like it's going to be delayed.
And like it's not going to occur as expected and as we get closer and close you're gonna see more Democrats like the ones last night.
Who voted against this key provision in the president's law feeling politically anxious about it.
Then you'll remember that the White House's rationale for this medical device tax was it would end up helping.
These medical device companies because with Obama care it would increase hospital demand.
For these devices thereby increasing these companies' profits -- this was way for them to give back a little bit.
Is that argument no longer valid.
Well it's certainly in doubt as implementation of the law falls further into debt you know that was the same argument that the president made.
When he did the deal he cut a deal with -- health insurance providers that said look you're gonna give a little something up front as your profits go down a bit but we're gonna force with a mandate we're gonna compel people by law to buy your products -- you're gonna make so much money in the long run that you shouldn't kick up too much of a fuss and he got to deal with that.
The problem with them medical device people is they're not nearly as big an industry.
As did health insurance industry they can't necessarily afford to take the kind of hit a three almost 4% tax I think.
On medical devices on a prosthetic whenever something like that whether they make a profit or not.
So big it does not work for them in the same way it did for the president's partners in the insurance industry aren't very -- we'll see what happens -- -- -- are all thanks so much.
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