With Special Tax Suspended, Medical Device Firms Reap Big Savings

Products that are regulated and taxed as medical devices include a wide range of machines and objects, including various scopes, scanners, tubing and pumps.i

Products that are regulated and taxed as medical devices include a wide range of machines and objects, including various scopes, scanners, tubing and pumps.

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Products that are regulated and taxed as medical devices include a wide range of machines and objects, including various scopes, scanners, tubing and pumps.

Products that are regulated and taxed as medical devices include a wide range of machines and objects, including various scopes, scanners, tubing and pumps.

iStockphoto

U.S. manufacturers of medical devices started 2016 with a windfall — a two-year suspension of a controversial tax on their revenue.

Medical devices include a wide range of products and machines used in medical care, such as tongue depressors, endoscopes and MRI scanners, for example. Manufacturers say the tax on devices hurt their business. The Congressional Research Service estimates

Article source: http://www.npr.org/sections/health-shots/2016/02/16/465978865/with-special-tax-suspended-medical-device-firms-reap-big-savings?utm_medium=RSS&utm_campaign=affordablecareact

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