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Home > SMT Wrapper

Manufacturers Marshal Forces to Battle $40 Billion Tax

Published Monday, September 21, 2009

WASHINGTON — Medical device manufacturers, including those in the home medical equipment sector, are mustering forces to combat a proposed excise tax on their products, saying it could impede research and development, cost jobs and increase the cost of health care. The Senate Finance Committee is proposing the tax as a "pay for" in its $856 billion health reform package. The committee's bill calls for device makers to pay $40 billion in fees over 10 years, with payments varying based on each company's market share. Why $40 billion? "Basically, there is a $4 billion-per-year hole that the medical ...

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