November 14, 2012 -- The Medical Imaging and Technology Alliance (MITA) and other partners have written a letter to the leadership of the U.S. Senate, urging policymakers to repeal the medical device tax that, beginning January 1, 2013, will impose more $30 billion in new excise taxes on medical technology companies, MITA said.
MITA, the Advanced Medical Technology Association (AdvaMed), and the Medical Device Manufacturers Association (MDMA) were among the 805 signatories of a letter that declared that the tax will stifle innovation, force job losses, and increase healthcare costs. And it will not be offset by increased demand for medical devices, according to MITA.
"Without action from Congress, implementation of the medical device tax will cost our economy thousands of high-paying jobs," said Gail Rodriguez, MITA executive director, in a statement. "These job losses will directly impact patient access to the most advanced, lifesaving medical technologies available."
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