Taxpayer Watch
New Medical Device Taxes Raise Concerns
Indiana Public Media
Members of the Indiana congressional delegation held a forum in Indianapolis Monday to hear testimony on the issue. Beginning in 2013, an excise tax of a little more than 2 percent will be placed on the sale of medical devices in the United States.
The tax is expected to bring in more than $20 billion in revenue to help pay for the Affordable Care Act. But medical device manufacturers say the new tax is a significant economic burden. Dane Miller is on the board of directors at Biomet, a company based out of Warsaw, Indiana. He says the tax will limit innovation and expansion in the United States.
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