Medtronic (NYSE: MDT) : Stock Set to Deliver Big Gains

Despite the incredible, often life-saving benefits of medical devices such as pacemakers, stents, catheters, implants, etc., the companies who manufacture them have a big tax bull's-eye on their backs courtesy of Obamacare.
The Affordable Care Act (ACA) has a provision in it called the medical device tax, which is a 2.3% excise tax on a wide variety of medical devices, including most of the products sold by one of the biggest, and in my view, best, companies in the space: Medtronic (NYSE: MDT).
Fortunately for Medtronic, and partially because of the industry's aggressive lobbying, the medical device tax could soon be erased from Obamacare. That's because, in a rare display of bipartisanship in Congress, lawmakers from both sides of the political aisle want to repeal the tax. (more)

Please share this article