"It is wrong. Look at Canada or England. Both countries run out of money by mid year and nobody gets any joint. Moreover, based on what the Government is willing to pay, margins decrease and so does innovation. Orthopedic surgeons will leave the profession because they continue to work harder for less. Universal healthcare would be a disaster. "
The only reason socialized medicine works in Canada is because Canadians with money can travel easily to the US for their healthcare. Zimmer is having enough problems without having Obama making it worse. We are closing down production for 3 weeks over the holidays. The Company line is that we are reducing inventory. The reality is that we are trying to figure out how to pay the DOJ $50 million per year. The more we get taxed, the more innovation suffers. We couldn't get a new product out right now, even if we wanted to.
Zimmer has Innovation in bribing surgeons. There is no innovation in products because lifespan of hip or knee implants have not increased over the 2 decades. Zimmer and others kill innovation because no increase in lifespan of implants means more revisions - meaning bigger market. Just check the data from AAOS.