First Device Taxes Paid. Spine likely to benefit (Orthopedics This Week)
The government’s take on the first bi-monthly payment of the medical device tax came in at about $97 million. That’s the report from AdvaMed on Tuesday, January 29, 2013. Will orthopedic device makers make up the cost in higher sales?
Wells Fargo’s analyst Larry Biegelsen recently took a crack at answering that question and concluded that spine could be a likely winner.
Twice-monthly deposits of the 2.3% tax on device makers’ revenue are designed to help pay for changes in the federal health care overhaul. Proponents of t...
