Category: Medical Device Tax
A federal judge rules that medical adhesive maker Chemence Medical Products must pay the medical device tax in its dispute with distributor Medline Industries.
Chemence Medical Products is on the hook for the 2.3% medical device tax on the medical adhesives it makes for distributor Medline Industries, a federal judge ruled this week.
AngioDynamics announces plans to consolidate facilities in its New York home base, including layoffs for up to 100 workers.
AngioDynamics (NSDQ:ANGO) said it plans to lay off up to 100 workers, or about 7.5% of its workforce, as it consolidates its footprint in upstate New York.
A pair of economists face off over the medtech tax, with one calling the levy a new incentive for a complacent industry and the other warning that the tax makes for a hostile environment for medtech innovation.
MASSDEVICE ON CALL — A pair of economists have taken to the internet to pen contrary opinions on the medical device tax, with 1 arguing that the tax may be good for an industry that needs a jolt and the other warning that it could drive innovation away from the U.S.
Kelly School of Business professor emeritus Larry Davidson this week published on his blog an in-depth post decrying the tax and tearing apart arguments made by a fellow follower of the so-called "dismal science" of economics.
Former Vice President Dick Cheney derides the 2.3% medical devices sales tax, calling it "one of the dumbest ideas I've heard."
Former Vice President Dick Cheney has little love for the medical device tax, which he called a "dumb" idea during a recent appearance at the National Press Club in Washington.
Cheney openly criticized the levy, a 2.3% sales tax on sales of U.S. medical devices, citing it as an example of poor crafting of the Affordable Care Act as a whole.
Intellectual property attorney Michael Rosen argues that the survival of the medical device excise tax relies on misconceptions about the industry.
The medical device tax has survived repeated repeal attempts, but the measure's endurance relies on misconceptions about the industry, according to intellectual property attorney Michael Rosen.
Kent Gardner, the chief economist for the non-partisan Center for Governmental Research, argues that the medical device industries' fears about the medical device tax are unfounded.
The medical device tax enacted as part of the Affordable Care Act won't have the deleterious effects predicted by the medtech industry, according to the chief economist of a non-partisan think tank.
Medical device companies and their lobbyists have long claimed that the 2.3% tax on U.S. sales of prescribed medical devices will drive jobs overseas, increase prices and stifle medtech innovation.