MITA Presents 2016 “Innovation Award” to Congressman Paulsen

07.14.16

Innovation Award Recognizes Members of Congress for Championing Medical Innovation, Bolstering Job Creation and Improving Patient Care through Medical Device Tax Suspension

Washington, D.C. – The Medical Imaging & Technology Alliance (MITA) today presented Congressman Erik Paulsen (R-MN) with a 2016 “Innovation Award” for championing medical innovation, bolstering job creation within the medical technology industry and improving patient care through his leadership in suspending the medical device tax.

“We appreciate the leadership of Congressmen Paulsen in championing economic growth, job creation and patient care through investment in the medical technology industry,” said MITA Board Chairman Nelson Mendes, president and CEO of Ziehm Imaging Inc. “Congressman Paulsen is bringing hope to patients who depend on investment in research and development to create the next generation of breakthrough technologies that improve and save lives.”

The MITA 2016 “Innovation Awards” recognize members of Congress who have demonstrated outstanding, ongoing efforts to promote innovation within the medical technology industry and improve patient care.

Congressman Paulsen introduced the Protect Medical Innovation Act to repeal the 2.3 percent medical device excise tax, which was ultimately suspended on December 31, 2015. He currently represents Minnesota’s 3rd Congressional District in the United States Congress and serves as co-chair of the House Medical Technology Caucus. He is also a member of the Ways & Means Committee and the Joint Economic Committee. Minnesota’s medical technology industry employs more people per capita than any other state, with an estimated 35,000 jobs.[i]

The American medical technology industry is a true economic success story, providing jobs for more than 400,000 people, paying out salaries that are 40 percent more than the national average ($58,000 vs. $42,000), and investing nearly $10 billion in research and development annually to advance patient care in the United States and around the world. The industry is fueled by innovative companies, the majority of which are small businesses, with 80 percent of companies having fewer than 50 employees.

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About MITA

The Medical Imaging & Technology Alliance (MITA), a division of NEMA, is the collective voice of medical imaging equipment, radiation therapy and radiopharmaceutical manufacturers, innovators and product developers. It represents companies whose sales comprise more than 90 percent of the global market for advanced medical imaging technology. For more information, visit www.medicalimaging.org. Follow MITA on Twitter @MITAToday.

[i] http://www.thelinemedia.com/innovationnews/advamedstudy061610.aspx