RED ALERT: Dems’ Takeover ‘Like Throwing a Hand Grenade’ into Healthcare Industry

President Obama Promised Economic Growth And Job Creation In Aftermath Of Dems’ Healthcare Takeover:

“President Barack Obama used his weekly radio address to tout the economic benefits of overhauling the health care system, saying that reform would help build a ‘new foundation for our economy to create the good, lasting jobs and shared prosperity of tomorrow.’” (Nia-Malika Henderson, “Obama: Health bill will create jobs,” Politico, 1/9/10)

RED ALERT: In A State With Already Heavy Job Loss, Medical Companies Wary Of Healthcare Takeover Tax Hikes:

“The law includes a 2.3% excise tax on the sale of all medical devices except for consumer goods, such as contact lenses and hearing aids. . .Among established medical device companies, Invacare Corp. of Elyria, the world’s largest wheelchair maker, has been a vocal opponent of the tax. Invacare CEO A. Malachi Mixon III in a January interview with Crain’s went so far as to say the tax was the equivalent of ‘throwing a hand grenade in the middle of the health care economy.'” (Chuck Soder, “Tax On Medical Device Manufactuers Could Be Taxing,” Crain’s Cleveland Business, 3/29/10)

By Code Red