Tag:
medical device excise tax
Latest Headlines
Latest Headlines
Stryker to cut 5% of workforce
Citing the implementation of the medical device excise tax and a slowdown in elective procedures, Kalamazoo, MI-based Stryker ( $SYK ) will cut roughly 5% of its workforce and institute other
Sen. Brown visits Covidien, lobbies against device tax
Sen. Scott Brown (R-MA) is continuing his campaign against the medical device excise tax, bringing his message to Covidien employees last week as part of his jobs tour. "The medical technology sector
Brown targets device tax in bill
On Thursday, Sen. Scott Brown (R-MA) introduced S. 262, a bill aimed at repealing the $2 billion per year tax on the medical device industry. The 2.3 percent excise tax starts in 2013 and is designed
Kalorama: Device tax could encourage outsourcing
A new tax on device manufacturers as part of healthcare reform may be one of many factors driving the outsourcing of medical devices, according to a report released by Kalorama Information. The
Medtronic CEO discusses device tax impact
Although he isn't anticipating having to lay off workers at this point, Medtronic CEO Bill Hawkins says his company will spend between $150 million and $200 million each year starting in 2013 as a
Senate votes down measure to kill medical device tax
The Senate voted 56-42 to kill an amendment sponsored by Sen. Pat Roberts (R-KS) that would have removed the medical device excise tax provision from the new healthcare reform law. Two members
