Todd Young: “I thank the gentlelady, my hardworking colleague from Tennessee, who is also a health care professional and quite…”

“I thank the gentlelady, my hardworking colleague from Tennessee, who is also a health care professional and quite conversant on these issues. You speak with some authority. So thank you very much. I come from the State of Indiana with internationally renowned medical device manufacturers, manufacturers like Cook Group in Bloomington, or smaller entrepreneurial companies like MedVenture in Jeffersonville. Indiana, in fact, is a global leader in the medical device industry. Scores of successful medical device businesses are headquartered in the Hoosier State, and they provide nearly 20,000 hardworking Hoosiers with good-paying jobs. Now, these jobs, by the way, provide wages that are over 40 percent higher than the State average. These are exactly the sort of businesses we need to expand and grow right here in America if we want to create a healthy economy. I bring this up because the President's health care law--what most Americans now know as ObamaCare--would shrink the number of American jobs in the medical device industry. This is because the law contains a 2.3 percent industry-specific excise tax that will cripple the sale of these medical devices. It would cripple the entire sector and hurt American jobs. Now, back in October, a bipartisan group of us from Indiana held a field hearing in Indianapolis to discuss this very issue with industry leaders.…”