Question
The Patient Protection and Affordable Care Act (Obamacare) imposed a 2.3% tax on medical device manufacturer sales. Medical devices include pacemakers, artificial knees, etc. What
The Patient Protection and Affordable Care Act (Obamacare) imposed a 2.3% tax on medical device manufacturer sales. Medical devices include pacemakers, artificial knees, etc. What characteristic do medical devices share with other products which have a specific targeted tax over and above sales taxes?
A.Group of answer choices Most of them are manufactured domestically
B. Demand is inelastic
C. The products are largely manufactured in states with weak congressional delegations
D. Health insurers have lobbied to have the taxes imposed to cut down on their own costs
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