THE DEADLY TAX ON MEDICAL INNOVATION

PAJAMAS MEDIA.com - blog ^ | April 11, 2010 | Paul Hsieh

[Cindy]

SNIPPET: "One of the many new taxes imposed by ObamaCare is a 2.3% excise tax on medical device manufacturers. Although this may not seem like much, it could be devastating to small companies working with thin profit margins.

For instance, the Zoll Medical Corporation is one of the leading manufacturers of automated external defibrillators (AEDs). These devices are commonplace in airports, shopping malls, and other public places. They are meant to be used by members of the general public to give immediate life-saving electrical shocks to someone suffering sudden cardiac arrest.

Advances in hardware and software have made these devices sufficiently reliable that they can be safely used by “Good Samaritan” bystanders with no formal medical training. The AED device itself analyzes the patient’s electrical rhythm and gives voice instructions to the user as to whether and when to safely shock the patient. According to a recent paper in the New England Journal of Medicine, making AEDs widely available to the public could significantly improve the survival rates of cardiac arrest patients.

However, the ObamaCare tax would impose an additional $7.5 million annual burden on Zoll, nearly eliminating their annual profit of $9.5 million. As their CEO Richard Packer recently explained on a Fox News interview with Neil Cavuto:

PACKER: So, it almost wipes out our profits.

CAVUTO: So, you have a couple of choices here. You cut jobs or send them overseas, or you increase the price of your product, not easy to do.

PACKER: Yes, or cut back on research and development. And our business is built around new science, new clinical trials.

CAVUTO: Or a lot more people die as a result…"

Note: "Paul Hsieh, MD, practices in the south Denver metro area. He is co-founder of Freedom and Individual Rights in Medicine (MD)."

[Cindy]

SNIPPET from post no. 1:

"CAVUTO: Or a lot more people die as a result…"

[Cindy]

SNIPPET from the link in post no. 1:

"ObamaCare could dramatically slow the pace of medical progress, leading to millions of preventable deaths"

[Cindy]

Why worry about “death panels” when you have ObamaCare/DemCare?

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http://www.freerepublic.com/tag/obamacare/index

http://www.freerepublic.com/tag/demcare/index

[raybbr]

Nah, the stuff will have to be made in China and Botswana with cheap labor. Then the companies will be able to stay in business.

Of course, it will cost millions of American jobs but those unemployed will still have "health care".

[ronnie raygun]

“CAVUTO: Or a lot more people die as a result…”

Exactly, we've heard many times but really never did it sink in they want population control. By denying certain care and prevention you will die. By heavily taxing certain areas of innovation and techniques, you will die. By taking the incentive to become good doctors as a career, you die. Either way you look at it by them controlling life and death they can control population.

[savedbygrace]

Everyone should be familiar with this, a relatively new procedure designed for even the untrained:

http://www.mayoclinic.com/health/first-aid-cpr/FA00061

If you decide your circumstances require a Home Automated External Defibrillator, Amazon.com has this one for $1,225:

http://www.amazon.com/Philips-HeartStart-Home-Defibrillator-AED/dp/B00064CED6

[BuffaloJack]

Don’t look for any new medical breakthroughs.

[Oldeconomybuyer]

"Change will not come if we wait for some other person or some other time. We are the ones we've been waiting for. We are the change that we seek."

-Barack Hussein Obama

[BitWielder1]

This is just one of many insane provisions in the Health Control bill.
0 does not want any private companies making a "profit".

[Vaduz]

ObamaCare is a 2.3% excise tax on medical device manufacturers however he will not add any taxes to vodoo doll manufacturers.