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You are here: Home / News Well / Medical device tax: How much are companies paying to government for healthcare reform?

Medical device tax: How much are companies paying to government for healthcare reform?

May 15, 2013 By Brian Johnson Leave a Comment

MassDevice.com coverage of the medical device tax

In January 2013, Medical device companies began paying a 2.3% excise tax on U.S. Sales in order to pay for the Patient Protection and Affordable Care Act.

The levy is expected to generate some $30 billion over the next 10 years.

MassDevice.com is tracking the tally paid by several medical device companies, based on quarterly earnings report for the first quarter of 2013. We will update the list as more companies returns file in.

Tallies based on companies with Q1 earnings ended on March 31, 2013

  • AtriCure (NSDQ:ATRC) – $120,000
  • Boston Scientific (NYSE:BSX) – $17 million
  • Becton Dickinson & Co. (NYSE:BDX) – $14 million
  • Covidien (NYSE:COV) – $18 million
  • C.R. Bard (NYSE:BCR) – $8 million
  • Hologic (NSDQ:HOLX) – $6.5 million
  • Intuitive Surgical (NSDQ:ISRG) – $6.5 million
  • Masimo (NSDQ:MASI)- $1.8 million
  • NxStage Medical (NSDQ:NXTM) – $3 million
  • Spectranetics (NSDQ:SPNC) – $500,000
  • Stryker (NYSE:SYK) – $23 million
  • Volcano (NSDQ:VOLC) – $634,000

Filed Under: News Well Tagged With: AtriCure Inc., becton dickinson, Boston Scientific, C.R. Bard, Covidien, Hologic, Intuitive Surgical, Masimo, NxStage Medical Inc., Q1, Spectranetics Corp., Volcano Corp.

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