(Reuters) — The U.S. House of Representatives last week passed a sweeping bill to speed new medical devices and drugs to the market after lawmakers defeated last-minute amendments that threatened to derail it. The House voted 344-77 in favor of the 21st Century Cures Act, which would require the FDA to streamline its approval process, consider […]
Capitol Hill
Senate panel slams medical device tax
A U.S. Senate committee this week issued a report slamming Obamacare’s medical device tax, as momentum for repealing the levy builds on Capitol Hill. The medical device tax, enacted as part of the Affordable Care Act in 2010, levies a 2.3% tax on all U.S. sales of prescribed medical devices. It went into effect at the […]
House set to vote on medical device tax repeal, despite White House veto threat
The Republican-led U.S. House of Representatives is moving ahead with a vote on repealing the medical device tax, despite a threat from the White House that President Barack Obama will veto the bill if it makes it to his desk. The House Rules committee yesterday advanced H.R. 160, “Protect Medical Innovation Act of 2015,” to the House […]
Medical device excise tax: Patient care, local economies at stake
There are many statistics and figures that get cited on both sides of the debate on repealing the medical device tax, but there is one number that cannot be contested: 1,000. That is the approximate number of patient groups, innovators, associations and provider organizations that came together and urged congressional leadership in the House and […]
House committee advances medical device tax repeal bill
The powerful Ways & Means Committee of the U.S. House of Representatives today advanced a bill that would repeal the medical device tax enacted as part of Obamacare. The 2.3% levy on U.S. sales of prescribed medical devices was enacted as part of the Affordable Care Act and went into effect at the beginning of […]
U.S. lawmaker seeks congressional hearing on ‘superbug’ outbreak
(Reuters) – A U.S. lawmaker has called on the Congress to investigate the medical scopes blamed for an outbreak of a bacterial "superbug" at a University of California, Los Angeles hospital that has infected seven patients.
Medical Device Tax: Rep. Charlie Dent puts repeal at top of GOPs priority list for 2015
Rep. Charlie Dent (R-Pa.) says repealing the 2.3% medical device excise tax should be 1 of the GOP’s top priorities after it assumes control of both houses of Congress next month.
Camp’s tax reform bid would repeal medical device tax
A comprehensive tax reform plan put together by Rep. Dave Camp (R-Mich.) would do away with the medical device tax contained in Obamacare, but the package appears to be a dead letter in Washington after Republican leaders cast doubt on its chances for a vote this year.
Camp, chairman of the House Ways & Means Committee, said it’s high time the U.S. overhauled its tax code, which hasn’t seen a major revision since 1986.