To: Alighieri who wrote (846552 ) 3/31/2015 1:46:16 PM From: i-node Respond to >> Wow...did you take moderation pills over the weekend...until then the system was in "total collapse".overwhelming majority of the world's health-care innovation occurs in the U.S . This includes ground-breaking drug treatments, surgical procedures, medical devices, patents, diagnostics and much more. Most of the funding for that innovation—about 71% of U.S. R&D investment—comes from private industry. A recent R&D Magazine survey of industry leaders in 63 countries ranked the U.S. No. 1 in the world for health-care innovation. But that environment is changing. According to R&D Magazine and the research firm Battelle, growth of R&D spending in the U.S. from 2012 to 2014 averaged just 2.1%, down from an average of 6% over the previous 15 years. In that same 15-year period, Malaysia, Thailand, Singapore, South Korea, India and the European Union saw faster R&D spending growth than the U.S. China's grew on average 22% per year. As a result, small and large U.S. health-care technology companies are moving R&D centers and jobs overseas. The CEO of one of the largest health-care companies in America recently told me that the device tax his company paid last year exceeded his company's entire R&D budget. Already a long list of companies—including Boston Scientific , Stryker and Cook Medical—have announced job cuts and plans to open new centers for R&D, manufacturing and clinical trials overseas ." wsj.com I would point out that this is yet another thing I (and many others) told you up front was going to happen. There was never any doubt about it. Again, it takes time to build facilities and operations in other countries so it is just getting started, but it is already plainly visible. The Dean of Harvard Medical said it as far back as 2009 -- the law is an innovation killer.
