Sunday, June 27, 2010

Indiana medical device makers say fight isn't over against ObamaCare

Indianapolis Star reports:
It was a rare, stinging setback for medical device and supply companies, including dozens in Indiana that make hospital beds, stents, biopsy needles, artificial joints and thousands of other products used in hospitals and doctors' offices.

Despite spending tens of millions to lobby federal lawmakers and in campaign contributions, the companies lost a high-stakes fight in March over a new, $20 billion industry tax to help pay for expansion of health-care coverage.

Now the companies are licking their wounds and considering how to fight back before the tax even takes effect in 2013.