On the recordJune 7, 2012
I thank Chairman Camp for his leadership on this issue. I rise in support of this bill. Let's be clear: successful health care reform efforts must begin by lowering costs, promoting high- quality health care, and fostering innovation. ObamaCare does the opposite. Even Medicare's own actuary warns that the President's medical device tax will increase Americans' monthly premiums. The tax will also eliminate more than 40,000 jobs. Passage of this bill will reduce costs and save jobs by repealing this tax. Mr. Speaker, as a heart surgeon, I have used medical innovations that have saved thousands of life. I want to highlight something. Back in the 1950s, when we had no surgical treatments for heart disease, a surgeon watched a woman die helplessly. After 8 or 9 months, he actually devised the very first heart-lung machine in his shop. This led to an explosion in technology that has saved millions of lives the world over. This was an American innovation. Eighty percent of device companies today have fewer than 50 employees. These are innovators. These are the people who create jobs. These are the guarantors of American innovation. {time} 1500 And without this, what are we going to have with our health care system? That's what's made American health care the best on the planet. We don't want to take a step back. Putting this tax in place will discourage these startup innovators. They will not take risks, and we'll harm patients in the long run because of the lack of breakthroughs.…
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