Americans spend billions of dollars each year on cosmetic surgery, and lawmakers think a tax on popular cosmetic surgery procedures may help fund the nation’s health care overhaul.
Max Baucus, the leader of the Senate Finance Committee, has proposed a cosmetic surgery tax on procedures like Botox to fund health care reform, which is estimated to cost at least $1 trillion, according to the Daily Mail.
The proposal would place a 10% tax on cosmetic surgery procedures like Botox injections, tummy tucks, breast augmentation and liposuction. Those who oppose the Botox tax say it would unfairly target women, who represent the most common patients who undergo plastic or cosmetic surgery.
Malcom Roth, of the American Society of Plastic Surgeons, says that women receive 86% of cosmetic surgery procedures. BusinessPundit.com reports that Americans spend $10 billion on cosmetic surgery each year.
Could a Botox tax be the key to health care reform? Lawmakers are still considering the plastic surgery tax on Capital Hill, but you can expect a great deal of opposition from plastic surgery trade organizations if the proposal goes forward.
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