Smart Medical Sales

SMS037 - Obamacare vs. Trumpcare and what it means for Med Device

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It is important to know how the changes in healthcare reform are going to impact the medical device industry.  In this podcast, I cover the basic changes coming and what you should know as you prepare to break into the business.  Source: BBC News "Obamacare v Republican Plan Compared" Individual mandate Obamacare: All Americans are required to have health insurance or pay a tax penalty. Republican plan: The mandate is repealed under the Senate plan. The House version also repealed but with the proviso that individuals who forgo health insurance for more than 63 days must pay a 30% surcharge on their insurance premiums for a year. Employer mandate Obamacare: Companies with more than 50 employees are required to offer health insurance or pay a penalty. Republican plan: This mandate is repealed. Five big consequences of Trumpcare win Taxes Obamacare: Raised Medicare taxes on the wealthy and imposed new taxes on medical devices, health insurers, drug companies, investment i