Repealed and replaced by section 1405 of HCERA, summarized here. Imposes an excise tax of 2.3 percent on sales price of medical devices by manufacturers, producers or importers. Applies to devices defined in section 201(h) of the Federal Food, Drug and Cosmetic Act intended for humans; exempts eyeglasses, contact lenses, hearing aids and other devices determined by HHS to be generally purchased by the general public at retail for individual use. Stipulates that selected manufacturers’ excise tax exemptions specified at Internal Revenue Code section 4221(a) and section 6416(b)(2) shall not apply while leaving others – e.g., for tax-free sales for further manufacture or export under 4221(a) – intact. Applicable to sales after December 31, 2012.