Study: Device Tax Could Threaten Jobs, Innovation (written by Lauren Uzdienzski @ HealthPointCapital)
A new study evaluating the 2.3% device industry excise tax quantifies some of the potential harm the tax may cause. Mandated by the Affordable Care Act, the tax is scheduled to go into effect in 2013.
Among the highest stakes are U.S. jobs; the device industry currently provides about 409,000 jobs and $33 billion in payroll. The study, which was published by AdvaMed, states that 43,000 of those jobs and $3.5 billion in payroll are at risk from the tax. Those jobs are likely to be sent ...
