MDMA Response to the State of the Union Address
Tuesday, February 12, 2013
WASHINGTON, DC – Mark Leahey, President and CEO of the Medical Device Manufacturers Association (MDMA), issued the following statement in response to President Obama’s State of the Union Address:
"MDMA agrees with the President that we need to grow our economy by expanding our manufacturing base while creating more middle class jobs. The secret to accomplishing these goals is to empower innovative and entrepreneurial businesses, and the medical technology industry is prepared to answer the challenge. Unfortunately, a huge barrier stands in their way in the form of a medical device tax that is harming job creation and eroding the quality of care for patients.
"Thousands of jobs have already been lost in this high tech, manufacturing-based industry because of the medical device tax, and tens of thousands more are at risk if Congress and the President don't repeal this ill-conceived tax. MDMA and others have long warned about the adverse impact of this onerous policy, and now we are seeing the harsh realities.
"The simple fact is that our economy needs new jobs paying good wages, which have the added benefits of increasing exports while reducing the costs of care. The medical technology industry is one of the few job creators that can deliver, but we need to remove unnecessary hurdles and establish a reasonable and predictable regulatory environment to do so.
"MDMA is heartened by the growing bipartisan support in Congress to put an end to the medical device tax. This is a great example where Members of both parties and in both chambers are working together on a common sense policy that will strengthen our economy and bolster job creation. Together, we can put an end to this bad idea once and for all and ensure that the United States remains the global leader in medical technology innovation.”