The US Senate is considering a bill which would cause an additional 10% tax be placed on elective cosmetic surgeries and procedures, including Botox, Fillers and Teeth Whitening.
This tax would go to chip away at the massive amounts of money needed for healthcare reform. Some think this idea is brilliant and some feel their business will be threatened (there were more than 4.7 million reported botox treatments performed last year alone – at an average of $400 a pop.)
Smart medical spas and plastic surgeons will simply eat the 10% and lower their prices to compensate for the additional tax in order to save their patients from forking over the extra dough. The wealthy pharmaceutical companies will surely be taking a hit too.
What do you think?