Frank Smith Says NB: 44 - Former President Bill Clinton hospitalized in New York, receives two stents

Thursday, February 11, 2010

44 - Former President Bill Clinton hospitalized in New York, receives two stents

2 comments:

Anonymous said...: Glad to hear the former President is recovering at home and apparently doing well with his wife at his side.; February 13, 2010 at 2:41 AM
Anonymous said...: Stents don’t grow on trees. They were not created, developed, marketed, or sold by government bureaucrats and lawmakers. One of the nation’s top stent manufacturers, Boston Scientific, has weighed in on the Democrats’ proposed massive taxes on medical device makers:

Boston Scientific Corp (BSX.N) warned on Tuesday that a proposed tax in the U.S. health care reform bill that cleared the Senate Finance Committee last week could have serious consequences for the company, including job losses.

“The bill that came out of the committee last week makes absolutely no sense and would be very damaging to Boston Scientific, and the medical device industry as a whole,” Boston Scientific Chief Executive Ray Elliott said during a post-earnings conference call.

“In a nutshell, it would raise costs and lead to significant job losses. It does not address the quality of care but the political scorecard of savings.”

Elliott said that the company’s tax liability would be doubled, adding $150 million to $200 million a year, and it would be forced to make substantial cuts in research and development spending, which could result in 1,000 to 2,000 jobs being lost at Boston Scientific…

…In addition to direct fees on device makers, the industry faces a double tax because hospitals, which have agreed to accept $155 billion in cuts in government payments over 10 years, will pass on part of that burden to device makers, said Elliott.; February 13, 2010 at 1:26 PM

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