Medical device tax may increase veterinary costs, too
The 2.3% medical device tax taking effect in January could hike veterinary fees when it applies to technologies used in both human and animal medicine.
MASSDEVICE ON CALL — President Barack Obama's healthcare reform law may cause an increase in veterinary care costs thanks to the medical device tax.
The levy, which takes 2.3% from every U.S. medical device sale, could have the unintended effect of increasing vet costs when it's applied to medical technologies that are used in both human and veterinary medicine.
Devices used exclusively for animals aren't included in the IRS rules for the tax, which were published last week.