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Medical equipment sales 'stalled' by fiscal cliff worries, GE exec says

by Brendon Nafziger, DOTmed News Associate Editor | December 04, 2012
Medical equipment sales have been "stalled" by worries over the so-called fiscal cliff, according to GE Healthcare's chief.

In an interview with Bloomberg News at RSNA 2012 in Chicago last week, GE Healthcare CEO John Dineen said the half a trillion dollars in tax hikes and spending cuts scheduled to take effect in January have put the brakes on equipment spending. (Hat tip: ImagingBiz.)

"It's impossible to make an investment if you're a hospital or hospital system, if you don't know what the financial rules are going to be," he told the magazine.

Bloomberg said GE's third-quarter sales fell 2 percent after inching up 1 percent in the previous quarter.

Earlier this month the Congressional Budget Office warned that failure to avert the $607 billion hit to the federal budget next year could trigger a recession and raise unemployment rates.

Ted Huss

Impact of "Fiscal Cliff" on GEMS Sales, etc.

December 06, 2012 11:14

Perhaps he should talk to the "Jobs Czar", Jeffrey Immelt. His solution seemed to be moving x-ray systems production to China. Wonder how the WI employees felt about that. Fiscal Cliff, or not, he makes no mention of the ACA's 2.3% Medical Device Tax...wonder why? Does he think it doesn't impact buying decision, or that buyers won't realize it will be passed on to them in one way or another?

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