Medical Industry Grumbles, but It Stands to Gain From Overhaul
News Analysis – NY Times.com
By DUFF WILSON and REED ABELSON
Published: November 8, 2009
For any industry, there has to be at least some good news any time Congress votes to expand the market by tens of millions of customers.
But the business world found plenty to complain about Sunday, as it assessed the House bill that would make sweeping changes in the health care system and extend insurance coverage to millions more Americans.
Insurers do not like the provision to create a new government-run insurance program. Drug makers oppose billions of dollars in rebates they would have to give to the government over 10 years. Makers of artificial hips, heart defibrillators and other medical devices are not particularly happy about the proposed 2.5 percent tax on their products.
And employers large and small oppose rules that, for many of them, would make health care coverage — long a job benefit — become a federally mandated obligation.
News Analysis – Medical Industry Grumbles, but It Stands to Gain From Overhaul – NYTimes.com
