AdvaMed Claims 195,000 Jobs Lost to Medical Device Tax

The national medical device industry lobby today claimed that the medical device tax enacted as part of Obamacare will wind up costing the U.S. economy 195,000 jobs and hamstring medtech firms' R&D efforts.

AdvaMed updated its annual look at the impact of the 2.3% levy on U.S. sales of prescribed medical devices, which went into effect at the beginning of 2013. The report is based on a survey of 55 of the trade group's members, representing 20% of its total roster.

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