Democrats Declare War on Life-Saving Medical Technology
Technology • September 2009 • Views: 414
I wrote previously that contemplated health care reforms could discourage health care technology innovation. I didn’t know how right I was.
The proposed health care reform legislation being considered by the Senate would impose a $40 billion tax on medical devices and diagnostics. According to AdvaMed (the Advanced Medical Technology Association), an industry group that otherwise supports health care reform, the tax will raise health care costs and amounts to a double tax hit on the industry.