Medical device tax: Hatch reboots Senate repeal effort with new bill

Submitted by kBLASTER Team on Jan 13, 2015

January 13, 2015 by Brian Johnson for MassDevice

Sen. Orrin Hatch (R-Utah) and a bipartisan group of 10 U.S. senators file a bill to repeal the 2.3% medical device excise tax.

Once more unto the breach, dear friends, once more: Sen. Orrin Hatch (R-Utah) and 10 other senators today filed another bill to repeal the medical device tax, a 2.3% levy on U.S. sales of medical devices enacted as part of Obamacare.

Five Democrats co-sponsored the Hatch bill, the Medical Device Access & Innovation Protection Act: Sens. Amy Klobuchar (D-Minn.), Joe Donnelly (D-Ind.), Al Franken (D-Minn.), Bob Casey (D-Pa.), Jeanne Shaheen (D-N.H.).

They were joined by Sens. Pat Toomey (R-Pa.), Richard Burr (R-N.C.), Rob Portman (R-Ohio) and Dan Coats (R-Ind.).

"Every dollar medical device manufacturers spend on this onerous tax is a dollar taken away from American innovation, job growth, and the ability to provide groundbreaking medical technologies to patients in need," Hatch said in prepared remarks. "Both Republicans and Democrats understand just how bad this tax really is, and we owe it to the American people to ensure the development of life-saving medical devices are not plagued by high-costs that will, ultimately, be passed on to patients. This is a common-sense bill, and I’m hopeful Congress will act swiftly to repeal this misguided tax once and for all."

See the full article here.

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