30 Day Trial

ORTHOWORLD » Other Articles of Interest

House Votes to Repeal Medical Device Tax

The House of Representatives voted to repeal the 2.3 percent medical device tax by a vote of 253 to 163 last week. The tax was a component of the Jobs for America Act (H.R. 4).

National organizations said a full repeal will remove a financial burden from device companies that has decreased investment in R&D for new technologies.

The Medical Imaging & Technology Alliance (MITA), Advanced Medical Technology Association (AdvaMed) and the Medical Device Manufacturers Association (MDMA) voiced their collective support for the bipartisan efforts to repeal the 2.3 percent medical device excise tax.

MDMA thanks the House of Representatives for working to strengthen medical technology innovation by removing a major roadblock towards developing the cures of tomorrow,” said Mark Leahey, President and CEO of MDMA.  “Repealing the medical device tax not only empowers patients and providers, but will allow America’s innovators to create more high-tech manufacturing jobs that our communities desperately need.”