GPO Website Exposes Firms That Are Passing Device Tax On To Customers
This article was originally published in The Gray Sheet
The site Medical Device Tax Watch (www.devicetaxwatch.com) lists companies that the Healthcare Supply Chain Association says are “shifting the burden of the medical device excise tax ... directly to American hospitals and other health care providers.”
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Some device firms are trying to pass the 2.3 percent medical device excise tax onto hospitals in the form of price increases; hospitals and group purchasing organizations argue this subverts the intent of the tax provision.
Existing market pressures make widespread price increases an unlikely company strategy to balance the impacts of the oncoming 2.3% device excise tax, sources say.
While some companies have started to reveal strategies to either soften the blow or to capitalize on the impending device excise tax, many have revealed little to no detail on their planned response.