AdvaMed Says Medtech Lost Nearly 29,000 Jobs While the Device Tax Was in Effect

Citing data from the U.S. Census Bureau’s Annual Survey of Manufacturers, a medtech industry lobby said that the industry lost nearly 29,000 jobs when the medical device tax was in effect.

AdvaMed, the Washington, D.C. advocacy group said on Wednesday that the data for the eight industry subsectors show that employment fell to 372,638 in 2015, from 401,472 in 2012, a decline of more than 7 percent. The group squarely blames the loss on the 2.3 percent device tax imposed domestic sales as part of the Affordable Care Act also known as Obamacare.

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