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The 2.3% tax is on gross revenues. To maintain profit levels, or simply break even, the company will have to raise prices (by more than 2.3% because the tax is on the gross) or cut expenses.

First, I was working for a sensor company whose customer base was heavily dependent on medical device companies.

I spoke with many medical device companies and they were all telling me where this was heading.

You are correct, but it gets worse.

In order to control costs, the IPAB will stop the approval of new medical devices utilizing the latest technology. At that point, medical device companies will have to milk existing systems for additional profit.

Once they cut costs, the next logical step is to outsource production to low-wage nations.

The result: a loss of US jobs and no new medical devices that will prolong lifespans.

Medical device companies will be targeted by liberals for trying to raise prices (greed) and they will be targeted for exporting jobs.

This will set the stage for nationalization of these, and other, companies.

Remember, Obamacare is just the start of taking over as much of the economy as possible. Insurance companies will fall first, followed by hospitals and clinics.

Healthcare workers (doctors, nurses) will be unionized under SEIU to ensure a permanent voting block. (imagine a conservative proposing cuts when millions depend on those jobs?)

I feel sick.

Once they cut costs, the next logical step is to outsource production to low-wage nations.

And it is not just ptoduction jobs. A buddy is outsourcing much of his accounting practice to India. He is doing it specifically to avoid 0bamacare costs