Bipartisan majorities in both the US House and Senate voted last month to adopt an amendment that repeals the proposed 2.3 percent medical device tax that went into effect in January as part of the Affordable Care Act.
According to the the Pioneer Institute, the tax would cost Massachusetts' largest companies more than $400 million per year, which many healthcare advocacy groups say would hinder medical technology implementation and development. The tax applies to most medical device purchases, including heavy duty healthcare computers such as tablets and laptops.
In a press release from the Advanced Medical Technology Association, healthcare advocates praised the proposed amendment:
“Momentum is clearly growing in Congress to repeal the medical device tax as Senators continue to hear from their constituents that the impact is real the tax is slowing economic growth and costing thousands of jobs,” said Gail Rodriguez, Executive Director of MITA. “MITA encourages Congress to prevent further job loss and protect essential research and development by promptly repealing this harmful tax.”