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Tenn. Sen. Alexander decries the medtech tax | MassDevice.com On Call

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MassDevice.com On Call

MASSDEVICE ON CALL — Sen. Lamar Alexander (R-Tenn.) is ramping up his opposition to the medical device tax, spending some time with his medtech stakeholders to renew his call to repeal the tax.

Alexander convened a panel of Memphis-area medtech leaders, including Medtronic (NYSE:MDT) regulatory affairs senior director Ed Chin and Transnetyx president & CEO Robert Bean.

"Memphis has become one of the nation’s most important centers for medical devices, an industry that has become one of Tennessee’s top exports," Lamar said in prepared remarks. "This onerous $30 billion tax on revenue has cost 33,000 jobs, increased the cost of life-saving medical devices and discouraged innovation for new devices."

Alexander is among the Senators who have signed their support to the Senate’s "Medical Device Access and Innovation Protection Act," which aims to strike the 2.3% medical device tax.

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