MASSDEVICE ON CALL — Medical device industry lobbying group AdvaMed released a colorful infographic highlighting some of the impacts of the impending medical device tax, which takes effect in just over 1 month.
The infographic illustrates some of the potential burdens the tax will pose on the industry, such as deterring innovation, costing jobs and harming the U.S.’s standing as the global leader for medical devices.
"43,000 jobs will be at risk because of the tax," the infographic states, referring to a AdvaMed report issued in September 2011 which estimated that the 2.3% medical device sales tax put in place by the Affordable Care Act could cost the U.S. as much as 11% of its medtech jobs.
Potentially at risk are some of the 83,000 medtech workers in Minnesota, the 79,000 workers in Pennsylvania and the 296,000 in California, the infographic warns.
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On June 4-5, DeviceTalks Minnesota is taking over the Twin Cities medtech industry with one of the most anticipated conferences of the spring.
Join leaders from 3M, Abbott, Bigfoot Biomedical, Boston Scientific, Cardionomic, CMF Solutions, Cyient, Google Mayo Clinic, Medical Alley, Medtronic, NxThera, Opus College, Relievant Medsystems, University of Minnesota, Star Tribune, Smith & Nephew, Spry Health, Zimmer Biomet and many more when you register today.
Use the code "DTWeb" to save 15% on the cost of registration.