Sunday, November 8, 2009

Medical Industry Grumbles, but It stands to gain from Overhaul

The Health Care issue still stands. The businesses in the United States are still unhappy and complaining about the House bill that will make huge changes in the health care system by providing insurance to millions more of Americans. The new bill is going to make a government-run insurance program, which upsets insurance companies. Also it is going to cause drug makers to give the government back billions of dollars of rebates over 10 years. On top of that it will cause providers of artificial hips, heart defibrillators, and other medical devices to put a 2.5% tax on their products, which upsets them. Large and small business employers are complaining because health care as been a long-time benefit for many of them, and will now be a "federally mandated obligation."

However, Steven D. Findlay, a senior health policy analyst, says that the new bill will not hurt any industries, but rather will help all of them. He said that as many more Americans receive health coverage, the businesses will receive revenue streams that they did not have before.

Although the analysts are making this bill sound like it will be a gain for all businesses, it will actually only be a gain for those businesses in the health product industry. For those businesses who are just providing health care coverage, the new bill is not something they are going to be happy about.

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