As a revenue booster for new government healthcare plans, a new excise tax is being discussed that may cost you more for that facelift or Botox injection. A 10% excise tax would be placed by the government on all surgeries and procedures not deemed medically necessary.
According to Congress Daily, the law states that cosmetic surgery is "any procedure which is directed at improving the patient's appearance and does not meaningfully promote the proper function of the body or prevent or treat illness or disease."
Any liposuction, teeth-whitening, rhinoplasty, facelift, etc. would fall under this new tax. As a result, physicians may have to raise prices to counter the tax. Women and men who have been saving up for their procedures may just have to wait a little longer. Although not approved yet, the tax is already faced with opposition by plastic surgeons that perform these cosmetic procedures.
Posted by Tala on 7/28/2009 5:39:13 PM
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