Report: Medical Device Tax Impact 'Relatively Small'
Wednesday, November 5, 2014
Source: Mass Device
The impact of the medical device tax is "relatively small" and will affect consumer prices more than the medtech industry, according to a report released this week by the non-partisan Congressional Research Service.
The tax will result in a drop in U.S. output and jobs for the medical device industry of only 0.2%, according to the Nov. 3 study, "The Medical Device Excise Tax: Economic Analysis," by CRS senior economic policy specialist Jane Gravelle and public finance analyst Sean Lowry.