Device companies deal with ACA
QMED details how one medical device company is dealing with the 2.3% tax on medical devices imposed as part of Obamacare:
To cover reduced margins, merit Medical no longer provides 401(k) matching for its employees. In addition, the company stopped donating to charities it previously supported, such as Junior Jazz and The Leonardo. That said, the company has not had to lay off any of its employees yet. In total, the company employs 1,700 people. “You take that kind of money out of a company and something has to give and it's basically research and development or marketing, and those are jobs,” notes Fred Lampropoulos, CEO of Merit Medical.
21 comments:
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This will be very interesting to see how this all plays out long term. It hasn't slowed our clients on device development but it's still early in the game. Cliff - http://leardon.com
Very interesting post and I knew maximum about the deals between Device companies and ACA.
Awesome post!!!
Thanks for sharing extremely nice information i am also sharing more about: Pharmaceutical Formulations Company
Congratulation to you for this achievement. Very good to know that device companies are dealing with ACA. I think this deal could be to helpful for both of them.
Futon
Impressive! thanks for sharing.
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