The president & CEO of the nation’s largest medical device lobby asked President Donald Trump to back its effort to repeal the medical device tax enacted as part of Obamacare. The medtech tax, a 2.3% levy on U.S. sales of prescribed medical devices, was in effect from 2013 to 2015 and has been suspended several […]
medicaldevicetax
Medtech trade lobbies unite for anti-tax push
A group of medical device industry trade associations are joining together to push the U.S. Congress toward repealing the medical device tax that’s been in abeyance since 2015. MDMA, AdvaMed, MITA and a group of medical innovators, physician inventors, patient groups and more today sent a letter urging congressional leadership to permanently repeal the medical […]
Medtech lobby looks to leverage Cadillac tax repeal
The medical device industry lobby is hoping to leverage a nearly unanimous U.S. House of Representatives vote to repeal the so-called “Cadillac Tax” on high-end health insurance plans into a repeal of the medical device tax. The House moved this week on a 419-6 vote to approve H.R.748, “The Middle Class Health Benefits Tax Repeal […]
House members introduce companion medical device tax repeal bill
A quartet of U.S. representatives today introduced a companion bill to a Senate measure that would do away with the medical device tax altogether. The 2.3% levy on U.S. medical device sales went into effect in 2013 but was only in place for two years before Congress put a moratorium in place. When that ended […]
Medical device tax repeal bill reintroduced in U.S. Senate
U.S. Senator and Democratic presidential candidate Amy Klobuchar (D-Minn.) reintroduced a bill to permanently repeal the 2.3% federal excise tax on medical device sales, with a new co-sponsor. Sen. Pat Toomey (R-Penn.) has signed on to co-sponsor, replacing Sen. Orrin Hatch (R-Utah), who did not run for re-election last fall. The medical device tax went […]
Wisc. Dem seeks co-sponsors for bill to repeal medical device tax
Rep. Ron Kind (D-Wis.) this week inked a letter to colleagues seeking support for a new bill that aims to repeal the medical device tax. The newly dubbed Protect Medical Innovation act of 2019 comes backed by Kind as well as Jacki Walorski (R-Ind.), Scott Peters (D-Calif.), Richard Hudson (R-N.C.), Terri Sewell (D-Ala.), Darin LaHood […]
How the fight over the border wall could sunder a moratorium on the medical device tax
The U.S. House of Representatives yesterday passed a stop-gap budget bill that includes a five-year moratorium on the medical device tax, but its prospects in the Senate are dim because it also includes nearly $6 billion in funding for a proposed border wall. With the 49 Democratic members of the Upper Chamber unlikely to approve […]
House tax bill would delay medical device tax by another 5 years
A bill to extend this year’s tax cuts would also put a five-year moratorium on the medical device tax enacted as part of the Affordable Care Act. Although the 2.3% levy on prescribed medical devices was enacted as part of the Affordable Care Act in 2010, it didn’t go into effect until 2012 and was mothballed […]
Medtech pins tax repeal hopes on a lame duck
Industry’s hopes for permanently doing away with the medical device tax rest with the lame-duck U.S. Senate, after the mid-term elections put next year’s House under Democratic control. The Lower Chamber in July voted 283-132 to repeal the tax, enacted in 2010 as part of the Affordable Care Act. The 2.3% top-line levy on U.S. […]
House panel to vote today on medical device tax repeal
A panel in the U.S. House of Representatives is slated to vote today on a measure that would do away altogether with the medical device tax. Although the 2.3% levy on prescribed medical devices was enacted as part of the Affordable Care Act in 2010, it didn’t go into effect until 2012 and was mothballed two […]
AdvaMed readies media push ahead of House vote on medical device tax repeal
The lobbying group that represents the medical device industry’s heaviest hitters is planning an all-out D.C. media blitz ahead of an expected vote in the U.S. House of Representatives on permanently repealing the medtech tax. Although the 2.3% levy on prescribed medical devices was enacted as part of the Affordable Care Act in 2010, it didn’t […]
