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Home » Medical device tax: Indiana lawmaker Dan Coats urges Senate to stamp out the 2.3 excise tax on med-tech | MassDevice.com On Call

Medical device tax: Indiana lawmaker Dan Coats urges Senate to stamp out the 2.3 excise tax on med-tech | MassDevice.com On Call

September 14, 2011 By MassDevice staff

MassDevice On Call

MASSDEVICE ON CALL — Senator Dan Coats (R-Ind.) urged fellow lawmakers to strike down the 2.3 percent medical device excise, set to go into effect in 2013, that has been criticized by industry groups as a job-killer.

Speaking on the Senate floor Monday night, Coats defended the 300 medical device makers operating in his state which employ around 20,000 people and pay wages more than 40 percent higher than the state average.

"This is one industry, and I hope to highlight more in the future, that is clearly being penalized for being successful, and it’s hurting our economy, and it’s hurting our ability to provide job growth," he said.

Coats is a co-sponsor on a bill repealing the device tax, the Journal Gazette reported.

Another judge strikes down the individual insurance mandate

A Pennsylvania judge ruled the individual insurance mandate in President Barack Obama’s health care reform unconstitutional and an overstep of Congressional authority yesterday, Law360.com reported.

Health care leaders set their own Medicare rules, shifting costs to patients

Executives from big health care industries called for Medicare changes that shift costs to beneficiaries rather than hospitals and drug makers, the Wall Street Journal reported.

Percentage of uninsured Americans stays flat, draws criticism

Republicans criticized President Barack Obama’s health care overhaul for failing to produce a drop in the percentage of Americans without health insurance, The Hill reported.

Cardiac device infections create huge costs in lives as well as dollars

Infections following cardiac device implants result in "extremely high costs, both financially and in terms of patient mortality, even months after affected patients return home," according to a study published in the Archives of Internal Medicine.

Filed Under: Cardiac Implants, News Well Tagged With: Centers for Medicare and Medicaid Services (CMS), Insurance

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