The medical device tax repeal effort is likely to hit the U.S. House floor this year, Rep. Erik Paulsen (R-Minn.) said during an exclusive interview with MassDevice.
The medical device tax repeal effort should hit the U.S. House floor for a vote this year and has more than enough support to pass, according to bill author Rep. Erik Paulsen (R-Minn.).
The measure has gained momentum, with 228 representatives signing on as co-sponsors of the tax repeal bill, Paulsen told MassDevice today.
"As some of my colleagues have become more aware of what the consequences are, they've been paying more attention and just literally slowly signed on one after another after another almost every week for the last 6 months," Paulsen told us. "I actually expect that this is going to move forward in the House sometime this year, hopefully sooner than later. That's a question that's up to leadership."
Paulsen is co-chair, with Rep. Anna Eshoo (D-Calif.), of the House Medical Technology Caucus, formed in 1993 and tasked with increasing awareness of issues unique to the med-tech industry.
He has been picking away at the 2.3% medical device industry levy, contained in President Barack Obama's Patient Protection & Affordable Care Act and set to take effect in 2013, since originally introducing the Protect Medical Innovation Act in April 2010.
Here's a look at some of the top funding stories for medical device companies this week.
FDA officials warn against the use of "laparoscopic power morcellation" for the removal of uterine...
Bio-artificial liver maker Vital Therapies takes its IPO even lower, now planning to open at $12 per...
California surgical devices maker Cardica details a public offering of common and preferred stock...