The Medical Imaging & Technology Alliance (MITA) released a survey of member company executives. Four out of 10 respondents reported they anticipate they will reduce their US workforce in response to the 2.3% medical device excise tax set to go into effect on January 1.
The respondents projecting a reduction in their workforce anticipate these job cuts would most significantly impact manufacturing, sales, management, and service workers. In an attempt to offset the added expenditures levied by the tax, 29% of those surveyed also reported they expect to reduce research and development. In the aggregate, respondents expect to pay more than $287 million dollars in additional taxes in 2013. Twenty-six percent of MITA members responded to the survey.
