Last year, the Supreme Court gave Medtronic
That decision has protected drug-eluting stent makers Boston Scientific
Wyeth
Those who have followed the health-care industry can probably guess who one of the sponsors on the House bill is -- none other than Rep. Henry Waxman, D-Calif. Waxman's no friend to the industry; he wants to ban some direct-to-consumer advertisements and is most famous for making it simpler for generic-drug companies like Teva Pharmaceutical
I do find it ironic that Congress and the president complain about the high cost of health care, but are interested in making it easier for patients to sue. (Then-Sen. Barack Obama was one of the co-sponsors on a Senate version of the bill last year, according to one report.) The extra liability is only going to drive up the cost of health care.
Investors need to keep a close eye on this bill. Turning back the clock could re-open the companies you invest in to some serious liability.
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