Bill Would Repeal Medical Device Tax, Pay for Health Reform With Stimulus Money

Congressional efforts to repeal a forthcoming tax on medical devices continued June 28 when Rep. Brian Bilbray (R-Calif.) introduced legislation (H.R. 5615) that would replace the tax’s revenue with unspent stimulus funds.

The health care overhaul law (Pub. L. No. 111-148) enacted in March and the reconciliation law that modified it (Pub. L. No. 111-152), include a deductible tax on the sale of medical devices by the manufacturer or importer equal to 2.3 percent of the sales price. The tax would be effective for sales beginning Jan. 1, 2013. According to the ...