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FOR IMMEDIATE RELEASE

Contact: John Ray
Florida Medical Manufacturers Consortium
(850) 270-3158
director@FloridaMedTech.com
www.floridamedtech.com


FMMC Celebrates Two-Year Pause of Medical Device Tax
Florida Medical Manufacturers Hopeful Full Repeal is Next


TALLAHASSEE, FLORIDA (January 23, 2018) – The Florida Medical Manufacturers Consortium (FMMC) applauded Congressional passage of another two-year suspension of the medical device excise tax included in the stop-gap government funding bill.

“The FMMC would like to thank the members of Florida’s Congressional delegation who have supported suspension and full repeal of the punitive medical device tax,” said Geary Havran, FMMC Chairman and President of NDH Medical, Inc. “This additional two-year moratorium of the device tax provides great relief to our industry and provides an important opportunity to pursue full repeal this year.”

“Bi-partisan majorities in both chambers, in two successive Congresses, have made it clear that the medical device excise tax hurts American med-tech innovation and manufacturing, and is a very bad idea,” said John Ray, FMMC Executive Director. “Incredibly, this now-dormant tax extracts 2.3% on every sale of medical devices, and cares not if the company is large or small, or actually making any profit at all. It is more than time for Congress to erase the medical device excise tax from our tax code.”


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The Florida Medical Manufacturers Consortium (FMMC) is Florida’s statewide association of medical technology manufacturers and allied firms. The FMMC has been actively engaged in advocating for full repeal of the medical device tax since its original passage in 2010. The FMMC exists to unite, promote and grow the Florida medical device industry, and to enhance the business success of its member companies. Florida is home to one of our nation’s largest medical device economies – encompassing 662 device manufacturers employing nearly 21,000 Floridians, paying an average annual wage of more than $60,000.  Florida ranks 2nd nationally in the number of FDA-registered medical device establishments. Go to www.floridamedtech.com for more information.

 


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