Survey: Medical device execs don’t think patient increase will offset tax
By Don Seiffert in the Boston Business Journal, May 7, 2015
Executives at medical device companies say they’re more uncertain than ever that the boost in the number of patients who will use their products due to the Affordable Care Act will offset the 2.3 percent tax they now bear under that law, according to survey results being presented today by the state’s industry group…
“This is disturbing, because in Massachusetts, our medical device industry is particularly innovative,” said Tom Sommer, president of MassMEDIC, which commissioned the survey to be done by Kadence International, a Boston market research firm. “It’s troubling to see innovation and regulation on par…”
The results were presented this morning during MassMEDIC’s annual conference at the University of Massachusetts, Boston. Sommer said that nearly 400 attendees were expected, the highest number in several years.