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Abbott Laboratories Message Board

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  • hornmaster69 hornmaster69 Feb 1, 2013 6:16 PM Flag

    medical device tax

    Most CEO's of medical device companies are figuring it out. They are laying off several thousand employees. You either cut cost or raise prices. The 2.5% on revenue falls straight through to the bottom line. Some companies that are diversified can absorb the costs better than the pure play medical device companies.

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    • Laying off thousands of employees is certainly not the solution. A balanced approach is the method a smart CEO would use. Some cost reduction (perhaps less corporate perks and reducing energy consumption) and some price increase to their customers. I think an additional 2.5% tax on medical devices is a tempest in a tea pot and just another excuse for CEO's to complain about government while accepting every government perk and contract that comes their way.

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