Senators Amy Klobuchar (D-Minn.) and Orrin Hatch (R-Utah) introduced a bill to repeal the 2.3 percent medical device excise tax, according to the Minnesota Post. Their bill, which has support from four Democrats and four Republicans, is identical to one introduced in the House by Representatives Erik Paulsen (R-Minn.) and Ron Kind (D-Wis.) with 178 co-sponsors.
The medical device tax went into effect Jan. 1, as part of the Patient Protection and Affordable Care Act to pay for initiatives in the healthcare reform law.
The House passed the repeal bill last summer, but it stalled in the Senate. The White House opposes the repeal, according to the report.
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The medical device tax went into effect Jan. 1, as part of the Patient Protection and Affordable Care Act to pay for initiatives in the healthcare reform law.
The House passed the repeal bill last summer, but it stalled in the Senate. The White House opposes the repeal, according to the report.
More Articles on Devices:
Smith & Nephew Profits Up 1% in 4Q, Revenue Dips 3%
Discount Orthopedic Device Maker NovoSource Enlists Expert Fundraising Help
Stanmore Receives FDA Approval for Robotic Partial Knee Surgery