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Anti-Innovation effect of the ACA
Topic Started: Oct 2 2014, 03:42 AM (116 Views)
George K
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Finally
http://online.wsj.com/articles/scott-w-atlas-obamacares-anti-innovation-effect-1412204490
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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.
...
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.
...
many of the best and brightest who come to the U.S. to study science, technology, engineering and math—the STEM subjects that are so crucial to innovation—are choosing to return to their home countries upon graduation. In 2008, a survey conducted by Vivek Wadhwa and his team of researchers at Duke, Harvard and the University of California found that only 6% of Indian, 10% of Chinese and 15% of European students expected to make America their permanent home.
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John D'Oh
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MAMIL
Quote:
 
many of the best and brightest who come to the U.S. to study science, technology, engineering and math—the STEM subjects that are so crucial to innovation—are choosing to return to their home countries upon graduation. In 2008, a survey conducted by Vivek Wadhwa and his team of researchers at Duke, Harvard and the University of California found that only 6% of Indian, 10% of Chinese and 15% of European students expected to make America their permanent home.


The thing is, if you come from a country with a decent universal healthcare system, seeing the American system, and particularly how it caters to people who have pre-existing or serious long-term conditions and who can no longer afford health insurance, isn't exactly an encouragement to stay.

This isn't just the ACA - it was f*cked up before then, too. The ACA was supposed to fix something, but didn't. Since the Powers that Be and the idiots who follow them appear to believe that universal healthcare is akin to Stalinism, I don't have much faith that it's going to be remedied any time soon.

For me currently, with a nice job and a company who picks up most of my bill, the US health system is absolutely fantastic. If circumstances should change (God forbid), living in the US would be a significantly less attractive proposition.
What do you mean "we", have you got a mouse in your pocket?
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jon-nyc
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Cheers
George K
Oct 2 2014, 03:42 AM
many of the best and brightest who come to the U.S. to study science, technology, engineering and math—the STEM subjects that are so crucial to innovation—are choosing to return to their home countries upon graduation. In 2008, a survey conducted by Vivek Wadhwa and his team of researchers at Duke, Harvard and the University of California found that only 6% of Indian, 10% of Chinese and 15% of European students expected to make America their permanent home.
Oddly, the number that stay is precisely equal to the number of H1-B visas we issue annually, just like it was before the ACA, and just like it would be if we repealed the ACA.
In my defense, I was left unsupervised.
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John D'Oh
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MAMIL
jon-nyc
Oct 2 2014, 04:18 AM
Oddly, the number that stay is precisely equal to the number of H1-B visas we issue annually, just like it was before the ACA, and just like it would be if we repealed the ACA.
:lol:

Yes, if we want to start looking at things that prevent people from coming to live in the US, the ACA probably isn't the first thing that springs to mind.
What do you mean "we", have you got a mouse in your pocket?
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Copper
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Shortstop

There seems to be an assumption that innovation is good.
The Confederate soldier was peculiar in that he was ever ready to fight, but never ready to submit to the routine duty and discipline of the camp or the march. The soldiers were determined to be soldiers after their own notions, and do their duty, for the love of it, as they thought best. Carlton McCarthy
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