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Indiana company scraps plans for expansion over ObamaCare device tax
Fox News ^ | 7/27/2012 | By Judson Berger

Posted on 07/27/2012 5:02:04 PM PDT by tobyhill

An Indiana-based medical equipment manufacturer says it's scrapping plans to open five new plants in the coming years because of a looming tax tied to President Obama's health care overhaul law.

Cook Medical claims the tax on medical devices, set to take effect next year, will cost the company roughly $20 million a year, cutting into money that would otherwise go toward expanding into new facilities over the next five years.

"This is the equivalent of about a plant a year that we're not going to be able to build," a company spokesman told FoxNews.com.

He said the original plan was to build factories in "hard-pressed" Midwestern communities, each employing up to 300 people. But those factories cost roughly the same amount as the projected cost of the new tax.

(Excerpt) Read more at foxnews.com ...


TOPICS: Extended News; Front Page News; News/Current Events; US: Indiana
KEYWORDS: 2012; 2012issues; democrats; healthcare; healthcaretax; obama; obamacare; obamatax; romney; romneycare; socializedmedicine; taxes

1 posted on 07/27/2012 5:02:10 PM PDT by tobyhill
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To: All


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2 posted on 07/27/2012 5:05:15 PM PDT by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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To: tobyhill

What!? Do these people imagine that they could spend this money more productively than the gubbamint? /s


3 posted on 07/27/2012 5:06:11 PM PDT by John Valentine (Deep in the Heart of Texas)
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To: tobyhill
Obama's medical device taxes are clearly aimed at Indiana industry. That's where an awful lot of this stuff is made, particularly the cutting edge equipment.

I think he must have gone over to Gary one Saturday night and picked up a bad STD or something. He's never been the same since.

4 posted on 07/27/2012 5:06:29 PM PDT by muawiyah
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To: muawiyah

Yeah, elect more Democrats to: loose your jobs, raise your taxes, penalize everyone, make up global warming, etc. Get you on poverty so you depend on them and vote them back inso they can live like kings and queens like bo and mo.


5 posted on 07/27/2012 5:44:58 PM PDT by DooDahhhh (ma)
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To: tobyhill

Obama and liberals are complete morons.

The medical device industry is one industry where the United States is still highly competitive.

And now Obama wants to punish it with a specific taxation aimed against it.

If Romney had any brains, he would work with the medical device industry pow wows and create an ad blasting Obama for his job killing stupidity.


6 posted on 07/27/2012 5:44:58 PM PDT by radpolis (Liberals: You will never find a more wretched hive of scum and villainy)
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To: musicman
BEHOLD THE GOP’s CHAMPION = MR.ROMNEYCARE
INCREDIBLY HAPPY IMPOSING THE GOP's SIGNATURE ACHIEVEMENT
WHICH IS: Romney-DEATHPANELS and ObamaCARE.


7 posted on 07/27/2012 5:54:02 PM PDT by Diogenesis ("Freedom is never more than one generation away from extinction. " Pres. Ronald Reagan)
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To: muawiyah

I work in the industry and there are several pockets - yes one is in Indy. Chicago is more pharma. Other device regions ate Milwaukee/Minneapolis, cleveland/Pittsburgh, Boston, a pocket in Texas, one around Atlanta and one around San Diego. Denver did have a solid grouping but it has fallen off a bit which impartially blame on a very strict Denver FDA office. The FDA has issued a ton of warning letters and consent decrees since 2002. I’ve worked on a couple of overhauls to save sites from regulatory death - it was bad with bush but gotten worse since o took office.


8 posted on 07/27/2012 6:14:19 PM PDT by reed13k (For evil to triumph it is only necessary for good men to do nothing.)
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To: radpolis

Just how does putting a tax on medical equipment LOWER the cost of healthcare?


9 posted on 07/27/2012 6:51:23 PM PDT by reg45 (Barack 0bama: Implementing class warfare by having no class!)
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To: radpolis

Just how does putting a tax on medical equipment LOWER the cost of healthcare?


10 posted on 07/27/2012 6:51:41 PM PDT by reg45 (Barack 0bama: Implementing class warfare by having no class!)
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To: radpolis

The big orthopedic manufacturers are located in Warsaw, Indiana. They produce cutting edge hip and knee replacements, which has improved the quality of life for many. Obamacare has a dark side in which there will eventually be NO need for these types of products. Granny will get the blue pill and a cane. If you are putting off surgery for your bad knee or hip, may I suggest you get it before Jan 1, 2013.


11 posted on 07/27/2012 7:15:20 PM PDT by Semperfiwife (Politicians are like diapers. They need to be changed often and for the same reasons.)
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To: tobyhill

So, not only less jobs for people in need of employment, but less medical equipment will be available to help treat the sick and injured. Obamacare is a huge help.


12 posted on 07/27/2012 11:27:36 PM PDT by Republican Wildcat
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To: muawiyah

That’s another hit on Indiana’s economy - this “health care” bill also wiped out the student loan business - wasn’t Sallie Mae big in Indiana?


13 posted on 07/27/2012 11:29:45 PM PDT by Republican Wildcat
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To: Diogenesis

14 posted on 07/28/2012 2:08:44 AM PDT by bill1952 (Choice is an illusion created between those with power - and those without)
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To: bill1952

No, little monkey.

For supporting Mr. ROmneyCARE, ObamaCARE and Obama/ROMNEYtaxes
along with DEATH PANELS, the ONLY idiot is thou.


15 posted on 07/28/2012 4:40:58 AM PDT by Diogenesis ("Freedom is never more than one generation away from extinction. " Pres. Ronald Reagan)
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To: Diogenesis
It must suck to be you.
16 posted on 07/28/2012 4:54:51 AM PDT by SMM48
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To: tobyhill

Obama outsources jobs.


17 posted on 07/28/2012 5:04:18 AM PDT by johniegrad
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To: SMM48

18 posted on 07/28/2012 5:04:31 AM PDT by Diogenesis ("Freedom is never more than one generation away from extinction. " Pres. Ronald Reagan)
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To: Republican Wildcat

Yup ~ the mob over in Illinois has never been happy about Indiana.


19 posted on 07/28/2012 5:18:43 AM PDT by muawiyah
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To: tobyhill
you'd think healthcare would be the ONE place taxes were low...
20 posted on 07/28/2012 8:33:52 AM PDT by Chode (American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
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To: Diogenesis

1. Johnny One-Note 5 up, 1 down
A one-hitter who repeats the same tired mantra over and over. It’s used to described some shrill, tired ideologue or academic that pompously echoes some quaint notion or idea endlessly, and expects everyone to see his supposed wisdom and bow in concurrence.


21 posted on 07/28/2012 8:52:13 AM PDT by doug from upland (Just in case, it has been reserved: www.TheBitchIsBack2012.com)
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To: Diogenesis

1. Johnny One-Note AKA DIOGENESIS
A one-hitter who repeats the same tired mantra over and over. Its used to describe some shrill, tired ideologue or academic that pompously echoes some quaint notion or idea endlessly, and expects everyone to see his supposed wisdom and bow in concurrence.


22 posted on 07/28/2012 8:53:55 AM PDT by doug from upland (Just in case, it has been reserved: www.TheBitchIsBack2012.com)
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To: doug from upland
Are you STILL stalking and spamming the same post for
Mr. RomneyCARE.
Yes, you are.


23 posted on 07/28/2012 10:03:09 AM PDT by Diogenesis ("Freedom is never more than one generation away from extinction. " Pres. Ronald Reagan)
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To: tobyhill

They didn’t build that, anyway.


24 posted on 07/28/2012 10:05:29 AM PDT by Lurker (Violence is rarely the answer. But when it is, it is the only answer.)
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To: Diogenesis
Little Monkey? LOL

You are such an enormous azz that it leaves half of the Free Republic braying in peals of laughter. - Think I'm kidding you? LOL!

What a gay boy you are. Our own little self described "Diogenesis."


25 posted on 07/28/2012 10:13:26 AM PDT by bill1952 (Choice is an illusion created between those with power - and those without)
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To: Diogenesis; doug from upland
BTW, attacking "doug from upland" on free republic is about the dumbest thing that you can do here, other than using the F bomb (I know this) or trashing Jim himself.

We have a country to protect little boy, and defeating the muslim impostor is paramount to this end.

Go home little one, your mother is calling you.
Again, BTW, Obama called - He wants his brain back, okay?

26 posted on 07/28/2012 10:19:54 AM PDT by bill1952 (Choice is an illusion created between those with power - and those without)
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To: doug from upland

Doug, haven’t seen you around for awhile. Ignore the person he detracts from the conversation.


27 posted on 07/28/2012 10:48:55 AM PDT by Little Bill
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To: bill1952

Any reader can see that YOU support RomneyCARE/ObamaCARE
and DEATH PANELS. Hopefully, they will see
that some who support Mitt Romney are vicious idiots,
and will withdraw their support for him
and his DEATH PANELS (which was what this thread is about).


28 posted on 07/28/2012 11:17:44 AM PDT by Diogenesis ("Freedom is never more than one generation away from extinction. " Pres. Ronald Reagan)
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To: Little Bill

My time here has been limited because of the Obamaconomy and necessity to work more hours than I could have ever imagined.

It is hard to ignore the crazy spammer who detracts from every thread. He will influence no one and appears to want to be a pest or he gets off by people seeing his posts.


29 posted on 07/28/2012 12:04:23 PM PDT by doug from upland (Just in case, it has been reserved: www.TheBitchIsBack2012.com)
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To: reg45
Just how does putting a tax on medical equipment LOWER the cost of healthcare?

It's the new OBoolean calculus which states that cutting Medicare funding by $500B improves the service and lowers the deficit. By the same token, having the highest corporate tax in the world and increasing taxes on the $250k+ earners creates jobs. You have to have a "D" after your name to understand such advanced mathematical principles.

30 posted on 07/28/2012 12:14:28 PM PDT by DeFault User
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To: radpolis
Obama and liberals are complete morons.

The medical device industry is one industry where the United States is still highly competitive.

And now Obama wants to punish it with a specific taxation aimed against it.

Recall as well the original stated purpose of the Affordable Care Act: to lower the cost of health care...

By raising taxes...???

31 posted on 07/28/2012 3:53:34 PM PDT by okie01 (The Mainstream Media: IGNORANCE ON PARADE)
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To: reg45
Just how does putting a tax on medical equipment LOWER the cost of healthcare?

Raising taxes makes everything cheaper for everybody.

Nancy Pelosi
*************************************************
May not be a direct quote. But I'd bet she's said something very much like this at some time...

32 posted on 07/28/2012 3:58:44 PM PDT by okie01 (The Mainstream Media: IGNORANCE ON PARADE)
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