To hear most in the medical device industry tell it, the medical device tax proposed by the Obama administration would result in hellfire and damnation raining down on the industry.
Jobs will be cut, production will shift overseas, American innovation will be stifled and the U.S. will lose its position as the world’s dominant player in medical technology — all because of stupid and short-sighted bureaucrats in Washington, D.C.
Then there’s Paul Stein — a California scientist and clinical investigator who previously worked with Medtronic and St. Jude Medical, and is a member of the device industry who (gasp!) actually supports the tax.
To read the full, original article click on this link: Industry veteran says medical device tax will force money back to R&D
