Efforts to repeal the medical device tax aren't in vain, but they aren't going to be successful in bringing down the levy, Abbot Medical Optics president and AdvaMed board chairman James Mazzo says.
Forget "cautious optimism" - the 2.3% medical device tax isn't going anywhere, according to Abbot Medical Optics president and AdvaMed chairman James Mazzo.
Speaking at MassDevice's Big 100 Roundtable West event in Newport Beach, Calif., last night, Mazzo told an audience of device stakeholders that the medical device tax flat-out won't be repealed despite the industry's best efforts in D.C.
"I'm not trying to be a 'Debbie Downer' here," Mazzo told MassDevice.com after the presentation. "I'm just trying to be a realist."