http://online.wsj.com/article/SB10001424127887324100904578404580119306900.html?mod=WSJ_Opinion_LEFTTopOpinion
The White House Brain Initiative Hits a Tax Hurdle
While the president launches an exciting initiative to map the brain, a new tax hurts the very innovation it seeks.
Step into any operating room where neurosurgery is being performed, and there is a good chance that the surgeon is viewing the brain through a camera. Technology today is saving lives by enabling surgeons to see what the naked eye cannot. As archeologists use advanced radar technology to examine sensitive sites before excavating, neurosurgeons use advanced imaging technology to get a clear picture of the brain before operating. The data are then loaded into microscopes that guide surgery, providing a safer path through the brain’s intricate wiring, where one wrong cut risks paralyzing the patient.
Over the past two decades, these breakthroughs in scanning technology have led to dramatic improvements in the rates of survival and recovery from brain surgery. The next generation of imaging technology—being developed in labs from Massachusetts to California to the National Institutes of Health—promises to create an even more profound window into the human brain.
These efforts could be greatly accelerated by President Obama’s recent announcement of a new initiative to map the brain’s activity in unprecedented detail. Aiming to “do for the human brain what the Human Genome did for genetics,” the $3 billion “Brain Research through Advancing Innovative Neurotechnologies Initiative” gives hope to those suffering from conditions like Alzheimer’s, autism, stroke and traumatic brain injury.
But here’s the bad news: The brain initiative is already being undermined by a new Washington policy that went into effect on Jan. 1. Under regulations passed as part of the Affordable Care Act of 2010, the medical-technology industry is now subject to a $30 billion annual tax on medical devices.