July 28, 2014 by Brian Johnson
The IRS calculates that medtech companies paid the federal government $1.4 billion in medical device excise taxes in 2013, according to a response to a Freedom of Information Act request by MassDevice.com.
Medical device companies ponied up $1.4 billion in excise tax payments to the federal government in 2013 to pay for Obamacare, according to documents supplied toMassDevice.com by the Internal Revenue Service.
The $1.4 billion in levies paid by medtech companies to the feds last year came during the 1st year of implementation of the 2.3% medical device excise tax, created in 2009 to help pay for the Affordable Care Act. The IRS supplied the total payments made last year in response to a Freedom of Information Act request filed by us on May 14 through our partner Muckrock.com.
