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Home > Device Makers More Likely to Raise Prices than Lower Headcounts Due to Tax

Device Makers More Likely to Raise Prices than Lower Headcounts Due to Tax

More than 40% of medical device makers surveyed said they would raise prices to deal with some or all of the impact of the new 2.3% sales tax, compared with only 11% who said they would reduce their staff.

MassDevice.com coverage of the medical device tax

Medical device makers are considering a few alternatives to deal with the impact of the new 2.3% medical device sales tax, with far more planning increases in product prices than expecting workforce reductions, according to a recent survey.

More than 40% of medtech companies surveyed said they plan to pass along either part or all of the cost of the tax to their customers and more than 30% said they were working on ways to lower production costs without resorting to layoffs. The results may be marred, however, by the 31% of respondents who either checked "other" or said that they were unable to disclose their plans.

Content Item Type: 
News [1]
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http://www.mdtmag.com/news/2013/02/device-makers-more-likely-raise-prices-lower-headcounts-due-tax
Summary: 

Medical device makers are considering a few alternatives to deal with the impact of the new 2.3% medical device sales tax, with far more planning increases in product prices than expecting workforce reductions, according to a recent survey. More than 40% of medtech companies surveyed said they plan to pass along either part or all of the cost of the tax to their customers.

Contributed Author: 
Mass Device
Legacy NID: 
143 931

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