Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
EXCLUSIVE: Medical Company Lies About Obamacare To Boost Profits
Posted
May 24, 2017
Views
127,844
Likes
2,656
Comments
168
Engagement
2.21%
May 24, 2017
127,844
2,656
168
2.21%
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11:44Now PlayingMedical corporation Stryker would love to see millions of Americans lose their healthcare because they would profit from it. Cenk Uygur, host of The Young Turks, breaks it down. Tell us what you think in the comment section below.
"In its push to pass the American Health Care Act (AHCA), one of the world’s top medical-technology companies is making claims about Obamacare that are contradicted by the company’s own financial filings, according to documents reviewed by TYT Politics.
Stryker Corporation CEO Kevin Lobo has made multiple statements on national television about the negative impact that Obamacare’s tax on medical equipment has had on his company and the industry. But those claims appear to be undercut not only by the company’s SEC filings, but also by statements made to Wall Street analysts by Stryker’s own executives, including Lobo himself.
Lobo’s opposition to Obamacare centers on its medical-device tax, which was was added to subsidize the cost of expanding coverage and was projected to net $27 billion for that purpose. Medical-device makers were singled out because they would benefit from expanded insurance coverage.
The tax was suspended for two years at the end of 2015 and would be repealed entirely by the AHCA
“The tax, really, is a job killer. It’s an innovation killer,” Lobo told CNBC on Dec. 9, 2016. “Congress decided to suspend it. It had bipartisan support just for suspension for a two-year period but we look forward to, with the new administration, a full repeal.””*
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Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. A young person who rebels against authority or societal expectations.(American Heritage Dictionary)
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