Obamacare Excise Tax - How it Affects New Medical Innovation

Obamacare is going to cost lots of money. So, how do we pay for it? Why, tax the medical device companies, of course. The 2.3% excise tax does not apply to profit of the company, but to gross sales. This is going to force the medical innovation industry-currently a bright spot in America-to move overseas! Does this make sense to you?