Republicans and Democrats in Congress are reportedly close to striking a deal to delay the medical device tax enacted as part of Obamacare, but face opposition from the White House. The delay, which would also hit pause on the so-called “Cadillac tax” on high-benefit health plans, is part of a major tax package being negotiated by legislators, The […]
medicaldevicetax
Senate votes to repeal medical device tax
The U.S. Senate yesterday passed a bill that would gut key provisions of the Affordable Care Act and do away with the medical device tax, but the measure faces certain death as soon as it hits President Barack Obama’s desk. The upper chamber voted 52-47 to pass the bill, with 2 Republicans crossing the aisle to […]
Frosh reps push Ryan on medical device tax repeal
A bipartisan clutch of freshman representatives yesterday asked Rep. Paul Ryan (R-Wis.), the newly minted House Speaker, to schedule a vote on repealing the medical device tax by the end of the year. The 2.3% excise tax on U.S. medical device sales went into effect in 2013 as part of Obamacare. The “Protect Medical Innovation Act of […]
House votes – again – to repeal medical device tax
The U.S. House of Representatives today passed the Restoring Americans’ Healthcare Freedom Reconciliation Act, including a provision that would repeal the medical device tax enacted as part of Obamacare. The legislation included the Protect Medical Innovation Act which eliminates the 2.3% excise tax on the sale of medical devices. The 2.3% levy on U.S. sales […]
House advances reconciliation bill to dismantle Obamacare
The U.S. House of Representatives Committee on Ways and Means said yesterday it is advancing legislation targeting the Affordable Care Act with a provision to repeal the medical device tax. The legislation will operate through a budget tool known as “reconciliation” which will allow the bill to pass through the senate with a simple majority vote. […]
Report: Senate to take up medical device tax repeal this year
The U.S. Senate will reportedly take up a bill to repeal the medical device tax before the end of the year, following a U.S. House vote earlier this year to do away with the 2.3% excise tax enacted as part of Obamacare. The Senate’s repeal bid, sponsored by Sen. Orrin Hatch (R-Utah), is S. 149 or […]
GAO: Medtech’s profits jumped 44% in a decade
Profits for medical device companies rose 44% between 2004 and 2014 on 43% sales growth, according to the U.S. Government Accountability Office, which tallied the results from 102 medtech firms at the request of Senate minority leader Harry Reid (D-Nev.). Profits for the companies included in the report (which excluded firms like Johnson & Johnson […]
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 […]
Senate eyes the fast track for medical device tax repeal bill
The U.S. Senate yesterday moved to put a bill that would repeal the medical device tax on the fast track , according to The Hill. Majority leader Sen. Mitch McConnell (R-Ky.) started the process last night by invoking Rule 14 for the bill, which passed the House on a 280-140 vote last week. Forty-six House Democrats […]
FLASH: U.S. House votes to repeal medical device tax
Republicans in the U.S. House of Representatives today, joined by 46 Democrats, voted to repeal the medical device tax enacted as part of Obamacare, according to news reports. Although the GOP-led Senate is also likely to approve the measure, the White House this week threatened a veto should it make it to President Barack Obama’s […]
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 […]