A tax on medical devices under the healthcare reform law, effective in 2013, could reduce U.S. jobs and hamper innovation, according to an AdvaMed report.
A study done on behalf of the devicemakers organization predicted a nearly 11 percent cut for the U.S. medical technology sector due to $2.67 billion in extra taxes.
The study said the tax would put more than 43,000 U.S. jobs at risk by forcing device companies to move production out of the country.
Read the full AdvaMed study.
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