Stryker Medical Device Company Cutting 1170 Jobs–It’s that Excise Tax on Device Companies But Device Companies Provi
Posted Nov 20 2012 2:31pm
I guess it’s time to hit this one again as our folks in Congress I don’t think have the brain capacity nor the technology investments, i.e. IBM Watson, to help them create laws. IBM Watson is going to work at other places like Citibank so they can figure out how to get more of your money. IBM Watson also had some good installation with using clinical information like the Cleveland Clinic too so it’s not all bad by any means, but DC should be using a tool like theirs to make laws and with speech recognition, even the lowest common denominator we elect with tech skills could still participate and query. There’s something there for everybody and gosh knows they need information technology help for making laws and it’s beyond the white hope Ryan thinks he is.
Back on target here, this is the continued fall out and when the healthcare law was constructed things looked different but the shift that has taken place in the last couple of years requires a new look at this plan. They are all Algo Duped in one way or another. Sure some device companies sell data but they would be in there with everyone else, banks, companies, social networks you name it for paying for a license and paying quarterly taxes on the billions they make every quarter selling data and this activity does not create very jobs at all, as the algorithms do the work. Here’s more on the topic below. I have written about this so many times and it doesn’t seem to reach a high enough level of intelligence for some reason.
”Hey dude let’s crunch some numbers and see if we can come up with some analytics to sell” is what we get as Congress is still trying to “control” this and you need to go to plan B and create a win-win. The old farts though can't seem to grasp this. See this guy below making millions selling yours and my data and as a consumer you can’t even see what he has or what he sells it for as he operates outside of federal regulation by design.
Data has value of course but the bankers have rolled this value way beyond belief and where it should be and they use fictional formulas for their business plans to generate more money and sometimes that means using formulas and algorithms that you don’t see or understand to do that..been going on for years but the number of folks doing this is at an all time high. You want jobs with companies that make stuff, give them a break and realize that your plan devised 2 –3 years ago is already dated and is now more detrimental than good. You can read this post below and even Nielsen commented me favorably with that one.
A couple months back I did a rather long post about Cook Medical and this tax and had a lot of nice responses saying thanks and that somebody gets this. I do numbers and report on how they ethics and we are certainly stabbing ourselves in the foot with this tax when it could be easily had from other sources, the damn millionaires who create algorithms, not jobs, to sell out consumers and turn into “data chasers” to fix all their errors.
That’s happening to me today with errors and here’s a good example..what in the heck are they mining and selling out there..just took an address match on sold data for this error to take place…I know this stuff as I used to be a big data base person so believe it.
“Ok so I look over the form and see a 2nd driver added. I have never added a second driver in almost 20 years and have been with the same insurer for that amount of time too, so no changes there. A few months ago I sold my home and it was interesting to see the name of the second driver that was “automatically” added to my policy. A couple purchased my home and it was name of the wife on my policy. Again the sale is a few months old now and strange how this got there.”
Fact is predictive analytics will hold some real education for us and give us knowledge but, and this is a big but, it also stands to be one of the biggest areas for Algo Duping and fraud with spinning data and using fictional formulas with business models.
You see it now as the banks are laying off as the fiction is coming out. Just watch the videos on the left hand side of this blog for a real education that is if you want it.
So once more we should tax where the money is and recoup it from those who are selling us out, making it difficult to get accurate credit information, etc. I have a friend who works for a big company and she’s in charge of credit and collections and she even says so much of the stuff that runs through is garbage and her department now requires extra time to again straighten it out for the company, so imagine what your odds are here with flawed data.
Get smart Washington and work with the device companies that create jobs and device companies use your intelligence to sway them over to the taxing the data sellers as they are not capable of thinking or diverting to a new direction themselves. BD
Medical supply giant Stryker is the latest company to announce job cuts in anticipation of coming costs associated with ObamaCare, even though the man who inherited a fortune from the company's founder is a fan.
The company will cut 1,170 jobs, or five percent of its worldwide workforce, despite the fact that the founder's grandson was one of the largest contributors to President Obama’s re-election campaign. Medical tech scion Jon Stryker, whose net worth is currently estimated at $1.2 billion, contributed $2 million to the Priorities USA Action super PAC and has given $66,000 in contributions to Obama and the Democratic Party. Stryker does not run the company.
A "medical device excise tax" included in the mandate imposes a 2.3 percent levy on medical device manufacturers and suppliers, which critics say will raise prices on everything from pacemakers to prosthetics to stents. Companies will be required to pay the tax regardless if they have a profit or loss for the year. The tax is estimated to cost the medical device industry $20 billion.
Jon Stryker has been active in politics before the recent election; he contributing millions to help Democratic candidates in his home state of Michigan. He also has given nearly $250 million of his personal wealth to groups supporting gay rights and the conservation of apes, which led to a newly found species being named after him. In 2010, the discovered Myanmar Snub-nosed monkey was named Rhinopithecus strykeri by the research teams that were funded by Stryker’s Arcus Foundation.