During the final days of debate, the Senate decided to remove a proposed cosmetic surgery tax, sometimes known as the BOTAX from their version of the healthcare reform bill. The 5% tax on cosmetic surgery procedures, defined as plastic surgery and similar procedures not recognized as medically necessary, was intended to help defray the cost of health care legislation, currently estimated at $871 billion. The tax may have generated as much as $5.8 billion over the 10-year life of the bill.
The bill was opposed by several interest groups, including Allergan, the maker of BOTOX® Cosmetic, who spent more than $1 million lobbying lawmakers during the first three quarters of this year, before the tax issue moved to the forefront. Allergan also launched a Facebook page to stop the tax. The American Society of Plastic Surgeons had previously released survey results showing that the majority of Americans opposed the tax.
In place of the BOTAX, the Senate introduced a 10% tax on tanning bed procedures.
If you are considering plastic surgery, you no longer have to worry that you will face additional taxes. To learn more about procedures that might be right for you, please schedule a consultation with New York plastic surgeon Dr. George Lefkovits.