Amid continuing debate over how much the medical device tax levied last year under ObamaCare is actually hurting the industry, two reports released this week show that not only is the industry is holding its own nationwide, but Massachusetts remains the leader.
The annual “Pulse of the Industry” report by the U.K.-based professional services firm EY (formerly Ernst & Young) was released today, the same week as the national industry group AdvaMed holds its annual conference in Chicago. And while the trade group’s president and CEO, Stephen Ubl, reportedly said the 2.3-percent tax on revenues at medical device companies is leading to jobs loss and reduced R&D spending, according to MedCity News, that report indicates that the sector is actually doing pretty well.
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