May 1, 2010
Device firms face tax, transparency
Two provisions of the health care reform law passed in March 2010 affect medical device companies. A 2.3% tax on companies' gross sales from medical devices starting in 2013 will help pay for reform. In addition, drug and device companies will have to publicly report gifts and payments made to physicians and teaching hospitals. Medical device tax The device tax will apply to devices regulated by the Food and Drug…
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