Device Sector’s Growth, Economic Contribution Need Government Support, Report Suggests
This article was originally published in The Gray Sheet
AdvaMed renews call for device-industry-friendly policies, including repeal of the device tax set to start next year, in promoting a report on the economic impact of the U.S. device industry.
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AdvaMed aims to “decouple” discussion of the device tax from the health care reform debate and link its repeal to broader efforts focused on improving the U.S. tax system.
Nonprofit and trade groups representing the medical device, diagnostics and pharmaceutical industries are calling for a bipartisan push from Congress and the Obama administration to protect the U.S. leadership role in biomedical innovation.
Device lobbyists are hoping to take advantage of renewed emphasis among federal policymakers on creating jobs to push through a repeal of the medical device excise tax, scheduled to take effect in 2013.