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Latest Health Care Reform Bill Includes Different Beauty Industry Focus
Posted: December 21, 2009
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- Tanning salons, which are getting hit with a 10% tax on indoor tanning services, replacing the cosmetic surgery tax.
- Progressives. They had to give up on their long-held dream of a new government-run insurance plan so that Democratic leaders could lock down the necessary votes from moderates.
- People making over $200,000 a year. A proposed 0.5% increase in the Medicare payroll tax was bumped up to 0.9% in the latest version, putting the tax at 2.35% on income over $200,000 a year for individuals, $250,000 for couples.
- Generic drug makers. They fought unsuccessfully to block 12 years of protection that makers of brand-name biotech drugs—expensive pharmaceuticals made from living cells—will get against generic would-be competitors.
Associated Press, Dec. 20, 2009