GAO: Many Small- To Medium-Sized Device Makers Losing Profits As ACA Device Tax Debate Continues

Industry-wide, medical device company sales increased 43 percent between 2005 and 2014, and their profits increased by a similar amount, despite the Affordable Care Act's 2.3 percent excise tax, but large companies were responsible for that growth and small- to medium-sized device companies lost money, according to the Government Accountability Office. Industry has been lobbying aggressively against the device tax since before the bill became law, and there has been a lot of support in both parties and chambers to...