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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? |
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