The countrywide first payment of the new 2.3 percent medical device tax totaled $97 million, according to Star Tribune.
Twice monthly deposits are being made from device manufacturers' revenue, and the tax totals will be used to pay for federal healthcare reform measures, according to the report.
The tax took effect Jan. 1, and was received by vehement industry opposition.
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Twice monthly deposits are being made from device manufacturers' revenue, and the tax totals will be used to pay for federal healthcare reform measures, according to the report.
The tax took effect Jan. 1, and was received by vehement industry opposition.
More Articles on Devices:
Mazor Robotics to Market Spine System in Canada
Conventus Orthopaedics' DRS Implant Receives FDA Clearance
Johnson & Johnson's Synthes Acquisition Adds 5.6% 4Q Sales Growth