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Frogwatch Frogwatch is offline
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First recorded activity by BoatBanter: Sep 2006
Posts: 1,163
Default It's gonna really cost ya to get older now

Obama's medical device tax seems designed to kill any innovation in
medicine because American companies bidding on new licenses for med
tech has decreased. OTOH, foreign companies are taking up the slack
so you will have to pay money to them for new med technology. For
example, I have no US bidders on my high resolution/low dose
mammography tech whereas I have two interested foreign companies.
Eventually, due to Obama's foolishness, you will get this technology
from a foreign company instead of a US company. Hows that for job
growth?

Even worse, the aging boomer population both in the USA and in Europe,
Japan, China and Russia could be a huge new market for innovation in
devices to help aging people. This market alone could bring us out of
recession and give the USA a new economic edge but Obama has killed
that possibility with his medical device tax. All of that technology
will be provided by foreign companies. Great job Big O.

What will you think when Obamacare tells you that your cancer is
simply too expensive to treat with current technology but any
technology that would have made it cheaper was discouraged by Obama?