Industry News
Tax on medical device makers could be taxing
Posted on March 29, 2010
Assessment may stifle growth field
By CHUCK SODER
4:30 am, March 29, 2010
Some of Northeast Ohio's medical device companies think all the surgery Congress just did on the nation's health care system will help them grow bigger and stronger, but others believe it has left them with an infection in the form of a tax that could kill innovation and jobs.
Dennis Stripe, CEO of OrthoHelix Surgical Designs Inc., can understand why they don't all think alike.
By increasing the number of people with health insurance, the health care bill that President Barack Obama signed into law last Tuesday, March 23, could end up helping the Medina company sell more of the surgical implants its makes for people with hand and foot problems. Mr. Stripe figures people with insurance are more likely to get that hammer toe fixed with OrthoHelix's help.
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