Don't panic, there's plenty of room for optimism in the fight to repeal the medical device tax.
The medical device industry came damn close to getting the medical device tax knocked out of existence in this latest round of budget brinksmanship in Washington.
Close may only count with horseshoes and hand grenades, but there's still room for optimism for supporters of repealing the 2.3% medtech levy – however disappointing it may be to members of the medical device community that no repeal or delay was included in the bipartisan Senate deal to re-open the federal government and raise the debt ceiling.
1. Significant movement in the White House's position
For the past 2 years, the Obama administration has repeatedly said that medical device tax repeal is a non-starter, maintaining that the levy represents the medtech industry's fair burden in helping to fund healthcare reforms that will bring them more customers. President Obama promised to veto any bill that includes a repeal of the tax.
"The healthcare bill is going to provide those medical device companies 30 million new customers," Obama told a reporter for The Weekly Standard. "It's going to be great for business, and they're doing really well right now."