Medical Device Tax in the US: Too Costly to Bear
In order to help fund the Affordable Care Act, passed in 2010, the medical device tax was implemented in the U.S. at the beginning of 2013. It is a 2.3% excise tax on medical equipment such as heart valves, manufactured hip joints, pacemakers, etc. The tax has received bipartisan criticism for its negative effect on the medical devices industry.
