US device tax passes crucial House vote
This article was originally published in RAJ Devices
Executive Summary
It was with mixed feelings that the medical devices industry in the US greeted the passage of legislation on Sunday night (21 March) that would effectively give nearly all Americans health insurance coverage. The legislation comes with a 2.3% tax on device companies over ten years starting from 2013, which would mean the industry paying a total of around $20 billion to help fund a new healthcare system.