medical devices

Industry representatives in Massachusetts are saying that the deal to avoid the fiscal cliff will have an impact on the state’s medical device and advanced manufacturing sector. WAMC’s Berkshire Bureau Chief Lucas Willard reports…

The Massachusetts Medical Device Industry Council – or MassMEDIC says that the Bay State is home to over 400 medical device companies, and that about 10% of the state’s total exports are medical devices. Many of Western Massachusetts’ high-tech manufacturing jobs are within the medical device industry,

Medical device makers are warning of job losses and other consequences if a 2.3 percent excise tax takes effect on Jan. 1, as scheduled.

The tax is one of several imposed on segments of the health care industry to pay for President Barack Obama's health care overhaul.

Lobbyists representing the medical device industry have been urging Congress to include a postponement of the tax as part of any compromise to avert the so-called fiscal cliff.