So much for holding out. For years now, U.S. medtech firms have branded the 2.3 percent medical device tax a“job killer,” contending the
controversial Affordable Care Act proviso prevents them from expanding and hiring new workers. Yet even with unemployment
rates falling and the economy improving (or at least returning to
some semblance of pre-recession normalcy), most medical device
companies still harbor considerable ill will toward the levy.
Such disdain clearly was evident in the results of a Medical
Device Manufacturers Association (MDMA) survey conducted
in late 2014: Seventy-two percent of respondents said they’ve
slowed or halted U.S. job creation to pay the tax, and 85 percent
claimed they would hire new employees if the levy was repealed.
“Broad support continues to grow for repealing the medical
device tax...” MDMA President/CEO Mark Leahey proclaimed
in a January news release announcing the survey results. “This
destructive policy has thwarted job creation and patient care for
Precisely how long, though, is up for debate. Industry bigwigs insist the device tax is negatively impacting research and
development funding, chasing venture capital from startups and
smaller medtech firms, and reducing the sector’s overall job rolls.
Yet medtech employment has grown significantly this year despite the tax’s vexing longevity—repeal legislation passed the
Job satisfaction levels grow as salaries rise and fewer medtech firms downsize.
Michael Barbella • Managing Editor
What is the highest level of
education you have completed?
13+235149 36+28135 n Medical;Device;OEM;36% n IVD;Manufacturer;0% n Contract;Manufacturer;27% n Consultant;13% n Equipment;Supplier;4% n Service;Provider;5% n Distributor/Importer;2%
Which answer below best
describes your business?
What is your job function?