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AdvaMed & BioOhio Discuss MedTech Impact on Ohio's Economy, Job Creation
Date:5/14/2012

reimbursement, tax and trade policies to drive the U.S. medical technology industry's future growth and success. A copy of the agenda can be found here: http://advamed.org/MemberPortal/Issues/CompetitivenessAgenda.

In Ohio alone, medical technology manufacturers employ more than 35,300 people, paying an average annual wage of $42,689.

Tony Dennis, President and CEO of BioOhio, said: "This is a significant industry for Ohio, not just for corporate expansions and new companies, but also because it provides a path for the continued revival of our manufacturing sector with more traditional companies diversifying into medical devices."

What concerns companies STERIS and Cardinal Health is that the 2.3 percent device tax will hinder medical innovation and result in the loss of up to 43,000 American jobs – some possibly in Ohio.

"We are at a critical time for the U.S. economy; and tax and regulatory policies from Washington can either help or harm American economic growth, innovation, and global competitiveness," said Rosebrough of STERIS. "Much-needed med-tech jobs growth is at risk in Ohio. We have the opportunity to continue to lead the world in medical technology, but only if we all work together to improve the competitive position of American companies."

Cardinal Health's Lynch echoed Rosebrough's sentiment, "Repeal of the device tax will help real jobs in real places like Dublin, Ohio. Repealing it will enable companies like ours to enable healthcare to be more effective and efficient. And repeal will help ensure our industry can continue to innovate and compete successfully around the globe."

AdvaMed member companies produce the medical devices, diagnostic products and health information systems that are transforming health care through earlier disease detection, less invasive procedures and more effective treatments. AdvaMed members range
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