Quote:
Originally Posted by spence
Funny, just Thursday morning I was presenting to the CEO and executive staff of a precision manufacturing company about how the medical device tax would end up pushing cost pressure down the supply chain.
-spence
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At least one of our customers have already come out in the press that they will not be openining any more facilities for the forseeable future as a result of the tax on med devices. Ultimately this will cause a loss of jobs as they improve effiency on the lines they make now and can make the same amount of product with less people. No expansion means flat labor force at best. I also forsee less med devices being needed as demand for procedures drops. (yes, in English that means as healtcare is RATIONED) This will push all the way though the supply chain in reduced demand for materials, tooling, shipping, energy, essentially no one is safe unless they are employed by government.