Medtronic, others want delay in implementation of proposed device tax

11/25/2009 | Wall Street Journal, The

Although the Senate's health reform bill reduced the industry tax on medical-device firms by half, such a measure could still pose threats to U.S. jobs, Medtronic CEO William Hawkins said. Medtronic hopes the Senate legislation, which would impose $2 billion in annual taxes over a decade starting in 2010, can be implemented at a later date to provide device companies enough time to take advantage of benefits they might gain from an expansion of insurance coverage.

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