The cost of research, marketing, development, manufacturing, sales, etc
contributes to the escalating cost of health care. Likewise, the
litigious nature of our society fuels some of this research, and likewise
contributes to health care costs.But this is all driven, largely, by
patients, clients, customers. It is supply and demand. This may be
a radical proposal, but if government simply got our of all healthcare
(Medicaid, Obamacare, etc) it would force a corrective move in the industry,
which is happening anyway as this article presents.Obamacare has
caused unforeseen and untold problems on a large scale as well as on the
individual level. It could have been so much better, but the Democrats refused
to allow input other than from high roller lobbyist. Follow the money and
we'll find Democrat fat cats greatly benefitting from Obamacare.
They'll continue to be quite profitable, as will hospitals. What it may
really hurt is executive bonuses. And I won't be losing a lot of sleep
over that. Innovation will continue, because that's how they continue to
make money. And in the mean time, millions of Americans get better health care.
Consider me unswayed by these arguments.
@SchwaYou couldn't be more wrong. AdvaMed has estimated that
the MDET has already cost 344,000 jobs in the medical device field, in just 12
months that the tax has been in effect. R&D budgets have been cut across
the entire field from 5-10%. Meanwhile, foreign companies are reaping the
benefits, especially Chinese manufacturers. This tax has been a great job
Schwa,Have you spoken to anyone in the medical device/research
industry . Obamacare is absolutely having an effect. I visited with
someone today who creates information technologies to hospitals and health care
systems. These medical service organizations are experiencing tremendous
uncertainly. They cannot dedicate much capital at all towards innovation,
improvements, and research. I spoke with a man last week that works
for a company that builds and sells lasers for surgery. They have had very good
results using lasers for cancer therapy--eliminating destruction of surrounding
tissues and organs, while targeting cancer cells. The company is unable to sell
their product because hospitals and treatment facilities have no capital.This "trickles down" to unemployment in the tech sector. It
affects families. It affects individuals, It affects you and me.The US has had excellent medical care. Where are we heading now?
Excellent medical care? The US? Pretty sure it's one of the worst in the
world.... Cuba has better Medical care than us. That's a fact...
If the tax rate for this company/industry, were zero, I'm sure there would
be a massive upsurge in the P part of the P & L statement.Executive bonuses would continue to skyrocket.And... all of those
344,000+ jobs would return...
Orrin has made millions from bribes received while in office from the Medical
Money Machine.55 Million sounds big but it's really a 2.3 percent
medical device excise tax on sales of certain products.More,
complaining while doing nothing.