Medical Tax Costs Industry $1 Billion To Date (MassDevice)
A report just released by a coalition of medical device lobbying groups said the medical device sales tax enacted under the Affordable Care Act has already cost the orthopedics manufacturing industry $1 billion.
According to the Medical Imaging & Technology Alliance and the Medical Device Manufacturers Association, the 2.3 percent medical device tax is costing medical device makers a collective average of $194 million per month. The MITA said that is money that should be going to research and development efforts.
In a press release...
