SEARCH
Current Location:
>
> This Story


Log in or Register to rate this News Story
Forward Printable StoryPrint Comment

Never Miss a Story

Sign up for email alerts

 

More Industry Headlines

Different initiatives, common goals: Varian and GE set sights on Africa's cancer problem Less than half of the countries in Africa offer access to radiotherapy

The rising rate of hospital shootings: What health care professionals need to know How can a hospital protect itself from shootings, and what should be done if a shooting occurs?

Cardiology: how smaller hospitals can provide top-level care Smaller hospitals have found new ways to provide quality care to patients

Is the Mo-99 shortage over? Nordion, MURR, General Atomics form production partnership The Sterigenics International subsidiary will focus on LEU Mo-99 production process

Olympus facing suits for infection and death of patients at UCLA Olympus Corp. of the Americas is facing suits for infections allegedly stemming from use of its duodenoscopes

DoD is homing in on a suitor for its $11 billion EHR contract Interested parties emphasize "fee for value" in selection process

Patient satisfaction little moved by fancy hospital design: study $200 billion spent on renovation projects, but is it worth it?

New Product Showcase This month's roundup of the latest industry products.

Young child is first fatality in Germany's measles outbreak Berlin has recorded more than 570 measles diagnoses since October

Toshiba to unveil Aquilion Lightning CT at ECR 2015 16-row helical CT with 0.5mm element for isotropic imaging

Why do veterinarians care about repealing the medical device tax?

by Loren Bonner , DOTmed News Online Editor
Momentum to repeal the medical device tax is growing on Capitol Hill. Veterinarians are the latest group to join the push to eliminate the 2.3 percent excise tax that was included in the Affordable Care Act to help pay for the cost of reform.

It might be a different story if animals were actually benefiting from the law. But it's clear that the tax is intended to subsidize the cost of human health care, and not the animals that veterinarians treat.

Story Continues Below Advertisement

Up To 80% Off on Medical Display Monitors! Call (832) 877-1250

We are wholesaler of pre-owned and new brand name medical display monitors. We have top brand grayscale and color LCD monitors with up to 3 years warranty and at least a 30 days money back guarantee at up to 80% off MSRP. DOTmed Certified



According to the American Veterinary Medical Association (AVMA), which includes more than 84,000 veterinarians nationwide, the tax will increase the cost of medical devices that are "intended for humans," but are also used in veterinary medicine. This would potentially increase costs for veterinarians — or lead some to pass the cost on to patients, which could translate into upping the price on procedures.

Under existing U.S. Food and Drug Administration regulations, devices exclusively labeled for veterinary medicine are excluded from several pre-market and post-market provisions, according to Dr. Mark Lutschaunig, director of AVMA's governmental relations division. They are also free from being "taxable medical devices". But many veterinarians purchase human X-ray and ultrasound machines, which are taxable under the law, and adapt them for their practices. Many of the expensive human imaging modalities used in veterinary medicine, such as X-ray, ultrasound, MRI, CT, are purchased second hand.

Lutschaunig believes that if the medical device tax stays, veterinarians might buy devices that are marketed exclusively for veterinarians. He also thinks that the device manufacturers will work to get more devices approved for the veterinary market.

"The AVMA does not believe that Congress intended the tax to impact veterinary medicine and has been clear that it does not support this tax, but we are now in a position where we must do what is best for both our members and the patients that we treat," said Lutschaunig.

Related:


Interested in Medical Industry News? Subscribe to DOTmed's weekly news email and always be informed. Click here, it takes just 30 seconds.
(1)

Nancy Ball

Medical Tax

October 11, 2013 09:41

As a small business owner I don't understand why a 2.3% tax would stop someone from purchasing a piece of equipment. Assuming the purchase is something that is not only needed but will be used enough and priced to turn a profit it would be very easy to add the cost of the tax into the charge for its use. At 2.3% it would add little to what you would need to charge for its use.

Log inor Register

to rate and post a comment

You Must Be Logged In To Post A Comment

Advertise
Increase Your
Brand Awareness
Auctions + Private Sales
Get The
Best Price
Buy Equipment/Parts
Find The
Lowest Price
Daily News
Read The
Latest News
Directory
Browse All
DOTmed Users
Ethics on DOTmed
View Our
Ethics Program
Gold Parts Vendor Program
Receive PH
Requests
Gold Service Dealer Program
Receive RFP/PS
Requests
Healthcare Providers
See all
HCP Tools
Jobs/Training
Find/Fill
A Job
Parts Hunter +EasyPay
Get Parts
Quotes
Recently Certified
View Recently
Certified Users
Recently Rated
View Recently
Certified Users
Rental Center
Rent Equipment
For Less
Sell Equipment/Parts
Get The
Most Money
Service Technicians Forum
Find Help
And Advice
Simple RFP
Get Equipment
Quotes
Virtual Trade Show
Find Service
For Equipment
Access and use of this site is subject to the terms and conditions of our LEGAL NOTICE & PRIVACY NOTICE
Property of and Proprietary to DOTmed.com, Inc. Copyright ©2001-2015 DOTmed.com, Inc.
ALL RIGHTS RESERVED