Fiscal Cliff Deal Overturns Obamacare's CLASS Act

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Part of President Obama's health care law was repealed as a result of last week's fiscal cliff deal.

Congress overturned what's called the CLASS Act, which stands for Community Living Assistance Services and Supports. The measure was basically a new entitlement program for long-term care.

"The program was so poorly designed that one of its own administrators warned Congress in 2011 that the program could collapse," The Heritage Foundation said.

Meanwhile, five new taxes instituted by Obamacare are still scheduled to take effect this year. One is called the Medical Device Excise Tax. It's a tax on everything from stents to syringes.

A group of 18 senators, including liberals like Al Franken, D-Minn., and John Kerry, D-Mass., had asked Senate Majority Leader Harry Reid, D-Nev., to delay the tax because it is expected to raise healthcare costs. But Reid did not stop it from taking effect.

Conservative groups believe the new medical device tax will force cost-cutting layoffs at medical manufacturers.

They point to the Michigan-based Stryker Corp., which already announced plans to lay off more than 1,000 employees as a direct result of the tax.

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