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  • To Offset Device Tax, Some Medtech Firms Boosting Prices

    04/09/2013 10:37:27 AM PDT · by null and void · 12 replies
    QMed ^ | 4/9/13
    A number of medical device companies are planning to pass the cost of the 2.3% medical device excise tax onto healthcare providers. 30% of medtech startups plan on passing most or all of the tax onto customers, according to a recent survey from Silicon Valley Bank. The survey report that 75% of the executives had calculated the impact of the device tax on their business. Only 2% of those polled had never heard of the medical device tax. 21% of those polled reported that they would either planned on freezing hiring or laying off employees in response to the tax....