Budget deadlock spells trouble for med-tech firms

  • Article by: JIM SPENCER , Star Tribune
  • Updated: March 2, 2013 - 3:35 PM

The head of the trade group for the nation’s medical device makers says the political climate in Congress complicates efforts to repeal the medical device tax.

  • 4
  • Comments

  • Results per page:
  • 1 - 4 of 4
lockstepMar. 2, 13 6:43 PM

As jobs are lost in Minnesota within the medical device industry, you people be sure to remember who pushed this bill through without reading or understanding the ramifications. FYI, they are the ones on the left; Al, Amy, Nancy, Harry, Barack and a host of other job killing democrats. No pointing to the GOP for this cluster F. Forward? Not a chance with these fools at the helm.

1
1
waterdogzMar. 3, 1310:42 PM

I'm pro-business and generally anti specific tax. But when medical devices are sold to end consumers (the patients) at perhaps 5-10 times the manufacturer's unit cost, and with the end prices so high, where do you expect the taxes to fall? There's a big bulls-eye on the industry when politicians are looking for $$. This is not a tough, low-margin business. How can we believe the claims of the industry when prices aren't even public?

1
1
explanthisMar. 14, 1311:18 AM

The powerful and lucrative medical device industry feels it is entitled to market products without scientific evidence of its' safety and effectiveness. The FDA commissioned the IOM to study its' 510(k) 'grandfathering' program and then ignored the result of the 7/29/11 critical report. Patient harm from metal on metal hips, surgical mesh and implanted cardiac devices is evidence that regulation is badly needed. Even if you never have an implanted device, you are paying for this through your taxes. Let us support jobs that enhance our country: make the device industry prove its' value first!

0
0
explanthisMar. 14, 1311:19 AM

The powerful and lucrative medical device industry feels it is entitled to market products without scientific evidence of its' safety and effectiveness. The FDA commissioned the IOM to study its' 510(k) 'grandfathering' program and then ignored the result of the 7/29/11 critical report. Patient harm from metal on metal hips, surgical mesh and implanted cardiac devices is evidence that regulation is badly needed. Even if you never have an implanted device, you are paying for this through your taxes. Let us support jobs that enhance our country: make the device industry prove its' value first!

0
0
  • 1 - 4 of 4

Comment on this story   |  

ADVERTISEMENT

Connect with twitterConnect with facebookConnect with Google+Connect with PinterestConnect with PinterestConnect with RssfeedConnect with email newsletters

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

Offers & Events

Defying Expectations

Defying Expectations

The Most Innovative bank empowering you to achieve

Dare to Learn More


ADVERTISEMENT