The healthcare industry tab for the reform initiative rose to an estimated $121 billion, according to the Joint Committee on Taxation, The Associated Press reported.
The medical device industry’s share would be $40 billion over the decade-long span covered in a bill out of the Senate Finance Committee.
The $12.1 billion-a-year tab for all healthcare-related industries is up from previous estimates because pharma, medical device and insurance firms wouldn’t be able to deduct the taxes from their corporate income taxes.
The finance panel is waiting for another cost estimate from the Congressional Budget Office before making a final vote on the bill and passing it on to the full Senate.