Expert: Device tax could produce medical product supply snafus

Get ready for higher prices and supply problems for crucial medical products once the 2.3% medical device industry tax kicks in on Jan. 1, a healthcare expert predicts. Beyond pacemakers and stents, the tax will also likely cover things such as wheelchairs or surgical gloves, and the extra cost could cause problems for long-term care providers making purchases, John McLean of the life sciences practice at the executive search firm Witt/Kieffer told McKnight's Long-Term Care News & Assisted Living. He also argued, as others have, that the tax could harm newer companies developing novel devices, and hamper innovation as a result. Story