Mixed report on effect of Obamacare medtech tax on Massachusetts jobs

Many of the biggest medical device companies continue to grow despite an Obamacare medical device tax, according to a new report, but industry leaders in the Bay State say small and medium companies are in a holding pattern.

A report by EP Vantage found that 12 of the 15 biggest medical technology companies increased their head count last year.

"The story in medtech employment over the course of 2013 is one of slow and steady growth," the report said.

But companies in Massachusetts are not seeing the same growth, said Tom Sommer, president of the Massachusetts Medical Device Industry Council.

"I don't see that it necessarily rings true for Massachusetts medtech companies," Sommer said. "I'm not hearing anecdotally any reports of job growth."

Sommer said a combination of the 2.3 percent excise tax on medical devices that became law as part of Obamacare and "a real focus on cost reduction" have slowed employment growth in small and midsized companies.

He said many companies are refocusing on cost-effective products amid a dramatic shift in the health care industry.

"Right now I think there's so much in flux in the health care environment that many medtech companies are not making long-term job growth plans," he said.

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