Medical device tax: Survey says jobs are on the line

December 17, 2012 by MassDevice staff

The Medical Imaging & Technology Alliance's medical device tax impact survey indicates that more than 40% of member company executives anticipate job losses as a result of the 2.3% medtech levy.

The group, which includes the Medical Device Manufacturers Assn. and AdvaMed., has organized D.C. fly-ins, showered the Beltway with ads and cultivated Democratic support for the cause, resulting in "tremendous progress" toward repeal, Moebius told MassDevice.com.

Medical device industry group AdvaMed has maintained that it's "cautiously optimistic" that it can generate enough support to spur action on the tax before it hits, either through delaying implementation or outright appeal, but some industry players aren't so sure.

Abbott Medical Optics president and former AdvaMed chairman James Mazzo told MassDevice.com last week that he believes a modification or delay of the tax is possible, but that seeking repeal of the tax simply isn't realistic.

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