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What’s the real complaint against the medical device tax? (Best of MedCitizens)

June 23, 2012 8:40 am by | 0 Comments

Every week, MedCity News highlights the best of its MedCitizens: syndication partners and MedCity News readers who discuss life science current events on MedCityNews.com.

Now here’s the best of what YOU had to say:

Device firms complain about jobs to keep attention away from great margins, opaque pricing. “During the floor debate, House Republicans used their standard argument against any new tax levy: It will cost jobs. But the heart of their complaint against the device tax, which doesn’t go into effect until January 2013, focused on the undocumented assertion that a slightly higher tax bill for industry would discourage firms from investing in research and development.”

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Soda ban is a slippery slope that discourages personal responsibility. “While I want my patients, and indeed everyone, to make wise choices in life, I won’t make them do it. Doctors advise and patients decide. Intelligent folks who know the risks of their choices are entitled to make them freely.”

What healthcare innovations will make a difference? Find out at CONVERGE. “MedCity CONVERGE, MedCityNews.com’s summit on innovation and healthcare convergence July 10 in Philadelphia, brings the entire healthcare ecosystem together for one day of empowering conversations about what’s next in the medical industry. The speaker lineup is almost complete.”

Indiana leads U.S. life sciences jobs and growth. “According to a Battelle/Biotechnology Industry Organization (BIO) Report, “State Bioscience Industry Development 2012,” released today at the BIO International Conference in Boston, Indiana is one of only two states (along with Puerto Rico) that have specialized bioscience employment in four of the five subsectors – Agricultural Feedstock & Chemicals, Drugs & Pharmaceuticals, Medical Devices & Equipment, Research, Testing & Medical Laboratories, and a new subsector, Bioscience Distribution.”

Preventing fraud: How much do medical practices lose and why? “Medical practices and healthcare organizations are likely losing 5 percent of annual revenues to fraud, waste and abuse, according to the most recent study conducted by the Association of Certified Fraud Examiners.”

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Deanna Pogorelc

By Deanna Pogorelc MedCity News

Deanna Pogorelc is a Cleveland-based reporter who writes obsessively about life science startups across the country, looking to technology transfer offices, startup incubators and investment funds to see what’s next in healthcare. She has a bachelor’s degree in journalism from Ball State University and previously covered business and education for a northeast Indiana newspaper.
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