“The tax imposed on device manufacturers as part of last year’s controversial healthcare reform legislation may be one of many factors driving the outsourcing of medical devices”, according to a new report by Kalorama Information titled “Contract Manufacturing in Medical Devices (Materials, Processing, Electronics, Finished Products).””
I found the above in a recent issue of Medical Device Now. In the same issue, a separate article appeared with the information below.
“On Tuesday, Jan. 26, companion bills were introduced in the U.S. House of Representatives and the Senate to repeal the medical device tax included in the Patient Protection and Affordable Care Act—aka the healthcare reform law—passed last year.”
Last year it seemed like everyone from Rush Limbaugh to P. Diddy had an opinion on the bill, whether they believed it was the best thing since sliced bread, or sure to be the downfall of the American Economy. When sorting through the various perspectives, it never really occurred to me to consider how the law would influence manufacturing. I seemed to ponder more how it would affect the little old ladies on Social Security, or someone like my brother who has learning disabilities and is on Medicaid. I also, of course, thought about how it would change things for my family. We receive great insurance through my husband’s company and don’t particularly need government sponsored health care. Being new to the Life Science industry, it is fascinating to me to gain a new perspective.