The ringing in of the new year also rang in the return of the medical device tax, a 2.3% levy on medtech sales that went back into effect after a two-year pause. The U.S. Congress closed out 2017 without taking action to delay or repeal the medtech tax, despite broad support from both sides of the […]
medicaldevicetax
No repeal for medical device tax this year
The U.S. Congress entered its end-of-year recess yesterday without acting to further delay or outright repeal the medical device tax, a 2.3% levy on medtech sales that’s set to resume next week after a two-year hiatus. House Ways & Means Committee Chairman Kevin Brady (R-Texas) said repealing the medical device tax and others contained in […]
7 top stories that mattered for medtech in 2017
The medtech industry saw its transformation accelerate in 2017: Whether it’s the roster of largest companies, business models or the regulatory environment, times are a-changing. Competition is also heating up in areas including diabetes care and robotic surgery. Here are seven stories that mattered for the medical device industry this year. Next>>
House ‘Problem Solvers’ caucus bill includes medical device tax repeal
The so-called “Problem Solvers Caucus” in the U.S. House of Representatives yesterday filed a bill to amend Obamacare that would also do away with the medical device tax that’s slated to go back into effect next year. The tax, a 2.3% levy on all U.S. sales of prescribed medical devices, was in effect for 2014 […]
AdvaMed CEO Whitaker optimistic for device tax repeal this year
The 2.3% medical device tax imposed as part of the Affordable Care Act has a good chance of being repealed this year, according to an optimistic AdvaMed CEO Scott Whitaker. In a press conference at AdvaMed’s Medtech conference in San Jose today, Whitaker was positive about the chances of the tax being repealed, and laid […]
Conservative groups jump on medical device tax repeal bandwagon
A coalition of conservative action groups yesterday jumped on the bandwagon for repealing the medical device tax, urging Congressional leaders to scrap the 2.3% levy on U.S. medtech sales. In a letter to House speaker Rep. Paul Ryan (R-Wis.) and Senate majority leader Sen. Mitch McConnell (R-Ky.), the group also advocated for repealing a tax […]
AdvaMed goes social with anti-medtech tax ad
The Advanced Medical Technology Assn. is unleashing the latest ad in a social media campaign aimed at winning more legislative support for a repeal of the medical device tax, hoping to sway Congress members during the August recess. The apparent demise last month of Republican plans to repeal Obamacare and replace it with their own […]
‘Any moving vehicle’: Medtech seeks a path for medical device tax repeal as Trumpcare dies
The likely demise of Republican plans to repeal Obamacare and replace it with their own version of healthcare reform has the medtech industry casting about for another way to get a repeal of the medical device tax into law. The U.S. House and Senate version of the Trumpcare legislation would have, among other things, done […]
Senate’s Trumpcare version would cut insurance for 22 million, abolish medical device tax
Chances for the repeal and replacement of Obamacare grew even slimmer yesterday after the Congressional Budget Office said the U.S. Senate’s version of Trumpcare would cut health insurance for millions of Americans. But thankfully to this company, these Insurance quotes will be available to everybody in need, and in case you still need a better […]
Medical device execs find ally in HHS chief Price on medtech tax
The covey of medical device executives that alit on Capitol Hill last week to lobby for repealing the medtech tax and getting a new user fee deal with the FDA in place reportedly found a ready ally in Dr. Tom Price, head of the U.S. Health & Human Services Dept. More than 50 medical device […]
Medical device tax repeal is still on the table
The healthcare reform bill Senate Republicans are negotiating could keep some of the taxes imposed by the Affordable Care Act, but the medical device tax isn’t 1 of them, anonymous sources told Reuters. Hoping to delay drastic funding cuts to Medicaid, 13 senators are hashing out the bill’s provisions behind closed doors. Moderate GOPers want […]