June 20, 2014 by Brad Perriello
Medtronic says it paid out $112 million during fiscal 2014 for the medical device tax enacted as part of Obamacare, or nearly 4% of total profits.
Medtronic (NYSE:MDT) said today that it paid out $112 million for the medical device task during fiscal 2014, representing a nearly 4% hit to the bottom line.
The world’s largest pure-play medtech company shelled out $21 million during fiscal 2013, according to regulatory filings. Medtronic’s fiscal year closes near the end of April.
