Orthopedic companies hit with the return of the 2.3% excise tax on revenue

2.3% DEVICE EXCISE TAX IS BACK (Orthopedics This Week)
After a two-year suspension, the dreaded 2.3% excise tax on medical device manufacturers returned on January 1, 2018.
The tax was originally imposed in 2013 as one of several taxes and fees in the Affordable Care Act (ACA) that pays for expanded health insurance.
The device industry association, AdvaMed, has been fighting the tax tooth and nail and had secured bipartisan support from red and blue state U.S. senators with significant device manufacturers to permanently repeal the tax.
But the Republican majority in the Senate did not incl...