Weigh in on what you think would happen if Congress were to repeal the 2.3% tax on medical device sales in our poll.
The medical device tax has been one of the most contentious provisions of Obamacare for the medtech industry. Some have argued that this 2.3% tax on sales of medical devices is killing jobs, cutting into R&D spending, and pushing production overseas. Device makers have cited the tax as a reason for layoffs, and some have been accused of passing the cost on to users.
|Learn more about how Obamacare is affecting next-generation medical technologies in a conference session at MEDevice San Diego, on September 26, 2013.|
So far, the tax has raised industry has raised $1 billion, and it is expected to cost the industry $30 billion over the next decade. The industry has so far spent $1 billion on lobbying efforts to repeal the tax, to no avail.
But what if medtech manufacturers got their way and the device tax did go away? What would happen?
We'd like to get your opinion. Weigh in in our poll below. You can see the results when you're finished.
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[image courtesy of RENJITH KRISHNAN/FREEDIGITALPHOTOS.NET]