MDMA Board Unanimously Opposes Medical ... ( Patient Care Innovation Investment a...)

MDMA Board Unanimously Opposes Medical Device Tax

Date:10/9/2009

Patient Care, Innovation, Investment and Jobs Will Suffer

WASHINGTON, Oct. 9 /PRNewswire-USNewswire/ -- Yesterday, the Medical Device Manufacturers Association Board of Directors met and unanimously voted to oppose any device tax as part of the health care reform bills moving through Congress. MDMA Chairman Joe Kiani, Chairman and CEO of Masimo Corporation, stated that, "MDMA supports bipartisan legislation to improve patient care, reform the insurance industry and promote prevention and wellness. The current medical device tax being discussed on Capitol Hill will hinder achieving these objectives. The overwhelming majority of innovation from the medical device industry comes from smaller manufacturers who work closely with clinicians and engineers to develop the therapies and treatments of tomorrow. If enacted, this tax will stifle innovation, harm patient care and weaken the position of the US as the global leader in medical device innovation."

(Logo: http://www.newscom.com/cgi-bin/prnh/20041004/MDMALOGO)

Earlier this week MDMA executives and members met with members of Congress to communicate their concerns about the device tax. In a statement, MDMA President and CEO, Mark Leahey, said, "There can be little doubt -- the proposed tax will have a cascading effect upon innovation, access to technology and employment in the industry."

On Tuesday, MDMA sent a letter to Senate Finance Chairman Max Baucus and Ranking Member Charles Grassley expressing its "steadfast opposition" to the tax and stated that "if enacted, this fee would have a devastating impact on innovation, investment and the nation's economy." The letter went on to say, "it is not a proposal supported by the overwhelming majority of the device industry."

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