Greensburg Daily News, Greensburg, IN


August 15, 2013

Repealing medical device tax will save Hoosier jobs

Indiana has been hard hit by our nation’s economic downturn.

The President’s health care law is making matters worse.

One prime example is ObamaCare’s $30 billion excise tax on medical device manufacturers. The tax is levied on gross revenues, not profits, which means companies will be forced to pay the tax whether they make a profit or not. I think that is un-American. But, this approach is particularly unfair in an industry where companies invest millions navigating the hyper-regulatory federal approval process simply to bring a new product to market. The inevitable result will be higher health care prices for consumers, less investment in new designs and lost jobs.

There are over 8,000 medical device manufacturers in the United States, more than 300 of which are based in Indiana. These companies such as Cook Medical (Bloomington), Hill-Rom (Batesville), Zimmer (Warsaw), Boston Scientific (Spencer) and Roche (Indianapolis) employ more than 20,000 Hoosiers and support thousands of other jobs, contributing over $10 billion to the State’s economy. These communities depend on the jobs and the direct and indirect revenue generated by the manufacturers of these products.

This wrongheaded tax is estimated to cost Indiana medical device manufacturers more than $77 million annually. As a result, businesses around the State are being forced to make difficult business decisions to offset the cost. Some have diverted capital away from important research, development and manufacturing activities. Others have delayed planned expansions. Chris Cerone, President of the Indiana Medical Device Manufacturers Council, has said that the tax “threatens the vibrancy of a critical component of Indiana’s economy and the global competitiveness of an important American-led industry.”

Worse yet, the tax will imperial medical innovation that has saved and improved the lives of millions of Americans. Medical device advances in areas like joint replacement and vascular surgery have spared countless people from insufferable pain. These advances have also saved the health care system billions of dollars by providing safe and effective alternatives to more costly and invasive procedures. Our country needs these trends to continue.

Text Only
  • nei-gb082014-linda kennett column pic A collecting bonus? It's in the cards Remember the packs of sports trading cards from the 1970s and 80s? I recently stumbled across several boxes of them that I thought my son had taken when he bought his first home 15 years ago. But there they were, still in the closet and mixed among t

    August 20, 2014 1 Photo

  • nei-gb082014-homemakers column file photo Summer has flown by It seems summer is nearly gone. The State Fair is over, the Power of the Past is gone for another year, and the children are back in school. It may be time to think about getting involved in making and donating some items for Riley Hospital. We alw

    August 20, 2014 1 Photo

  • Pat Smith: Goofy golf raises breast cancer awareness Last week I stopped in to ask Susan Doerflinger Burkhart to please interpret a letter I received from an insurance company I had two or more years ago. As usual, she was able to ease my mind. While there she asked if I was going to play in the all-fe

    August 20, 2014

  • Craft brewers, vintners bring spirits to State Fair Brad Hawkins felt right at home hawking his beer at the Indiana State Fairgrounds last week.When Hawkins opened his Salt Creek Brewery in a converted filling station in tiny Needmore three years ago, some tee-totaling neighbors protested he was putti

    August 19, 2014

  • Back to the classroom These days, it seems like the summers are going by even faster than they did when I was a student! Just yesterday, the temperatures were beginning to warm up and children were hanging up their backpacks. Now, many of them are already back in the clas

    August 19, 2014

  • Our children and their children Let’s ponder “our children” and “their children.”First, Gov. Mike Pence made a wise call this past week when he ordered the Department of Child Services to begin reimbursing families who had adopted special needs children.A class action lawsuit filed

    August 19, 2014

  • Remember the joy Williams gave Ball State’s Wes Gehring, the author of dozens of books on Hollywood stars, says the apparent suicide of Robin Williams will not tarnish the comedian’s legendary achievements.Williams was found dead Monday in his California home. He was 63.“As the li

    August 16, 2014

  • Why government fails Whatever our political stripe, we all want government to fail less often. Citizens and the media need to pressure elected officials to spend more time digging into the nitty-gritty of fixing bureaucracies.As election season approaches, I’ve been pond

    August 14, 2014

  • Giving young people a second chance How many of you know what the Hoosier Youth ChalleNGe Academy is? More basically, how many of you know where it is? I had a vague notion of where it is, but I would have been hard-pressed to tell you much about what it is.The Hoosier Youth ChalleNGe

    August 14, 2014

  • Camping for kicks and giggles (The chances of pitching your tent on a hill of fire ants are directly proportional to the distance from the nearest hospital.)Camping, most notably primitive style, can be a rewarding and fun experience, especially if the site is on the bank of a ho

    August 14, 2014

Featured Ads
AP Video
Raw: IDF Footage Said to Show Airstrikes Police: Ferguson More Peaceful Raw: Aftermath of Airstrike in Gaza Raw: Thousands March on Pakistani Parliament Raw: World's Oldest Man Lives in Japan Fire Crews Tame Yosemite Fire Raw: Police Weapon Drawn Near Protesters, Media Raw: Deadly Landslides in Japan Raw: Explosions in Gaza As Airstrikes Resume Arrests Witnessed in Ferguson Charter Schools Alter Post-Katrina Landscape Texas Gov. Perry: Indictment 'a Political Act' US Officials: Video Shows American's Beheading Video Shows Ferguson Cop Months Before Shooting Heavy Rains Flood Arizona Roads US Trying to Verify Video of American's Killing FBI Director Addresses Ferguson Shooting in Utah Raw: Police at Scene of St. Louis Shooting Police: 2 Calif. Boys Planned School Shooting NOLA Police Chief Retires Amid Violent Crimes
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.