Posted on 05/19/2011 1:45:34 AM PDT by The Magical Mischief Tour
Cost of maintaining compliance has skyrocketed in the last 5-6 years. I work medical devices and have watched as margins have shrunk while the police state has ramped. There is safety and then there is ‘safety’. The two aren’t always the same.
If the govt won’t pay beyond a certain amount (remember there were changes ~4 years ago on reimbursements even before obamacare) and imposes additional costs through regulations then the margins decrease - for pharma it doesn’t take much for the risk/benefit equation to turn so that one bad batch bankrupts the entire company. Devices has been hit as well but the margins are different so it’s not quite as bad as pharma where the risks are also much higher.
As with a lot of small businesses they are making the decision to get out with what they have and shut it down rather than risk losing everything or running in the red.
Atlas is shrugging hard folks.
If medical supplies became unavailable to all politicians and their families, the shortage problems would be resolved. They must become the victims of the crises they create.
This point is worth pushing on those Congress critters capable of understanding it. We don't want some RINO reflexively attacking the drug companies. IIRC, the Tea Party elected a few physicians last fall who may be capable of carrying this ball. They need to understand the drug companies are the victims as much as their no longer served customers. They need to point out that while not being able to get insurance is a problem, not being able to get a needed medicine, at any price, regardless of one's insurance status, is a much bigger problem. And that the solution isn't more government, but less government.
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