Friday, March 26, 2010

Obamacare threatens high tech jobs

The Boston Herald reports on the threat that Obamacare poses to jobs at US medical device manufacturers:

"This bill is a jobs killer,” said Ernie Whiton, chief financial officer of Chelmsford’s Zoll Medical Corp., which employs about 650 people in Massachusetts. Many of those employees work in Zoll’s local manufacturing facility making heart defibrillators.

“We could be forced to (move) manufacturing overseas if we can’t pass along these costs to our customers,” said Whiton.

The threat - echoed by others in the critical Massachusetts industry - had the governor vowing to intervene to block the sales tax impact.

“I am obviously concerned about the medical device burden here on the commonwealth, which has a very robust industry around medical devices,” Patrick said yesterday.

Hat tip: Jules Crittenden

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