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medicaldevicetax

AdvaMed asks Trump to back medical device tax repeal

October 17, 2019 By Brad Perriello

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 […]

Filed Under: Business/Financial News, Featured Tagged With: medicaldevicetax

Medtech trade lobbies unite for anti-tax push

September 24, 2019 By Sean Whooley

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 […]

Filed Under: Business/Financial News Tagged With: AdvaMed, Avalign Technologies, Bayer, Medical Device Manufacturers Association, Medical Imaging & Technology Alliance (MITA), medicaldevicetax, Stryker

Medtech lobby looks to leverage Cadillac tax repeal

July 19, 2019 By Brad Perriello

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 […]

Filed Under: Wall Street Beat Tagged With: medicaldevicetax

House members introduce companion medical device tax repeal bill

April 10, 2019 By Brad Perriello

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 […]

Filed Under: Business/Financial News, Featured Tagged With: medicaldevicetax, U.S. Congress

Medical device tax repeal bill reintroduced in U.S. Senate

March 7, 2019 By Nancy Crotti

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 […]

Filed Under: Business/Financial News, Medical Device Manufacturers Assn. (MDMA), News Well Tagged With: AdvaMed, Medical Alley, Medical Device Manufacturers Association, medicaldevicetax, ussenatoramyklobuchar, ussenatorpattoomey

Wisc. Dem seeks co-sponsors for bill to repeal medical device tax

February 14, 2019 By Fink Densford

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 […]

Filed Under: Business/Financial News, Featured Tagged With: medicaldevicetax

How the fight over the border wall could sunder a moratorium on the medical device tax

December 21, 2018 By Brad Perriello

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 […]

Filed Under: Business/Financial News Tagged With: medicaldevicetax

House tax bill would delay medical device tax by another 5 years

December 11, 2018 By Brad Perriello

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 […]

Filed Under: Business/Financial News Tagged With: medicaldevicetax

Medtech pins tax repeal hopes on a lame duck

November 15, 2018 By Brad Perriello

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. […]

Filed Under: Business/Financial News, Featured, Wall Street Beat Tagged With: medicaldevicetax

House panel to vote today on medical device tax repeal

July 23, 2018 By Brad Perriello

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 […]

Filed Under: Business/Financial News Tagged With: Capitol Hill, medicaldevicetax

AdvaMed readies media push ahead of House vote on medical device tax repeal

July 9, 2018 By Brad Perriello

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 […]

Filed Under: Business/Financial News Tagged With: Capitol Hill, medicaldevicetax

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