C.R. Bard CEO Timothy Ring [Image courtesy of C.R. Bard]
“We were told, there were [millions of] uninsured people in the U.S. and the device industry was going to get a windfall. And as a result, we were forced to pay a 2.3% tax to pay for that. Well, that didn’t happen. We didn’t get the windfall, and the other assumption was we would be able to pass down to our customers, and that didn’t happen. So we didn’t notice a big increase at all really in our volumes on the way in, I don’t think we’re going to see one on the way [out]. We think healthcare spending correlates much tighter on unemployment rates and the economy than necessarily to this kind of policy change.” —C.R. Bard CEO Timothy Ring, Jan. 26
