{"id":1718,"date":"2010-03-23T09:56:48","date_gmt":"2010-03-23T09:56:48","guid":{"rendered":"http:\/\/www.rightwinggranny.com\/?p=1718"},"modified":"2010-03-23T09:56:48","modified_gmt":"2010-03-23T09:56:48","slug":"jobs_endangered_by_healthcare","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=1718","title":{"rendered":"Jobs Endangered By Healthcare Bill"},"content":{"rendered":"<p>Today at the <a href=\"http:\/\/www.washingtonexaminer.com\/politics\/How-Obamacare-hits-industry-and-threatens-jobs-88860652.html\">Washington Examiner<\/a>, Byron York posted a story about a Chelmsford Massachusetts company named Zoll Medical Corporation.&nbsp; The company manufactures heart defibrillators, which are used throughout&nbsp;our nation to save thousands of heart attack victims every year.&nbsp; The healthcare bill passed in the House of Representatives Sunday levies a tax on the makers of medical devices in order to pay for the new healthcare program.<\/p>\n<p>The tax will cost Zoll Medical Corporation somewhere between $5 million and $10 million a year according to Richard Packer, the company&#8217;s chairman and chief executive officer.&nbsp; He adds that the company profit in 2009 was $ 9.5 million.<\/p>\n<p>The article points out that the company has a few options in handling this increased expense.&nbsp; It can raise the&nbsp;price of its product, not really a good idea as they are coming under pressure to cut their price.&nbsp; The company could shift jobs overseas in order to lower production costs.&nbsp; This would not help the unemployment rate nationally or in Massachusetts. &nbsp;Also, the company can also cut back on research and development.&nbsp;<\/p>\n<p>Cutting back on research and development is a choice many medical device companies will be forced to make.&nbsp; It will hurt them down the road in terms of competition, but there is also another aspect to this.&nbsp; America has (up until now) led the world in developing medical technology.&nbsp; We can expect to see innovation in medicine decline sharply as the companies that manufacture medical devices are more heavily taxed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Today at the Washington Examiner, Byron York posted a story about a Chelmsford Massachusetts company named Zoll Medical Corporation.&nbsp; The company manufactures heart defibrillators, which are used throughout&nbsp;our nation to save thousands of heart attack victims every year.&nbsp; The healthcare &hellip; <a href=\"https:\/\/www.rightwinggranny.com\/?p=1718\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1718","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/1718","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1718"}],"version-history":[{"count":0,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/1718\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1718"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1718"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1718"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}