Small, medium or large, businesses want the meddevice tax to go | MedCity News

As MITA, AdvaMed and the MDMA announced July 15 that medical device manufacturers have already passed the $1 billion-dollar mark in medical device excise tax payments, business leaders from startups to the old hats said it will affect jobs, U.S. growth in the industry and patient care. Cuts have to be made somewhere, and that somewhere is in the operational budget.

’The billion dollars paid already this year is a billion dollars taken out of our economy, out of our jobs,’ said AngioDynamics CEO Joseph DeVivo.

’You can’t do this with paperclips,’ said Steve Ferguson, COOK Group Chairman of the Board. He said companies must choose between salaries, R&D or capital. ’In our case, we chose capital, looking to do our capital expanses overseas.’


Read more:Small, medium or large, businesses want the meddevice tax to go | MedCity News.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s