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Medical Device Manufacturers Association Chairman Daniel J. Moore on the taxes in the health-care law.
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I'm in Arizona okay you obamacare expected the cost of medical device industry nearly thirty billion dollars over the next ten years now the new health -- law includes -- tax.
And everything from hip implants the bad -- now.
Well the industry is fighting back joining us now is Daniel more from the medical device manufacturing association is also be CEO of Cyberonics which -- the medical device company.
-- -- the first question -- is I would ask is when this all came out.
That you -- say why us.
Yes there is some -- YS because you know we know that.
We we provide jobs and we've been a growing industry in this is an industry in which we lead the world.
And and the last thing we think should happen in this industry is that we should put a tax on jobs that we should put a tax on innovation we should put attacks on patient care.
While that also there's another aspect to this then.
There's a lot of money it's gotta come from somewhere in a business if it comes out of research and development that means.
Future innovation as either lost or -- pushed down the -- And that future innovation although comes up in the numbers you know income statements and price earnings ratio -- all that stuff.
It also has a human back to there's also a human impact this thing.
Well we're talking about people who might have been saved that otherwise you know but they they won't be because these -- have been pushed off.
Charles you're right we are all about patient care but.
Now if you go broader than that were impacting lights in many ways and just starting with the economy we know.
The president and congress agree that we need to be growing our economy we need to be growing jobs.
We need to be growing our exports and this is an industry that offers all three of those things so whether were impacting lives.
By hiring people and high paying jobs.
Or it or doing what we do every day and that's to provide better quality of life for patients and long on long jeopardy.
So you're right we impact lives in many ways.
Well -- we would don't have a lot of time but I do -- -- say good luck with this I think it's outrageous and we hope you guys when your fight we'll talk to you again soon.
Trial thanks for you -- -- ask you about.
