MPMN Medtech Pulse: Device Tax Blowback: Fewer Expansions, More Layoffs

Nothing has roiled the medical device industry as much as the Supreme Court’s decision upholding the constitutionality of the Affordable Health Care for America Act—particularly its much-reviled provision imposing a 2.3% excise tax on the first sale of medical devices.Among the first companies to respond in kind to the device tax is Cook Medical Inc. (Bloomington, IN), which has just reported that it is scrapping plans to open several new manufacturing plants in the Midwest over the next five years. So reports Bob Michaels at PlasticsToday's sister publication, the MPMN Medtech Pulse, read the full article here.