Possible Tax on Medical Device Industry

30 Oct, 2013

Author:

no comments

Congressional critics of President Obama’s signature health care law have described it as a “train wreck” and a “nightmare” so dire that they are willing to shut down the government to stop it.

One way to avoid that, some members of the House of Representatives have said, is to repeal a part of the law that amounts to a sales tax on producers of medical devices.

The Senate rejected the proposal on Monday, but it could surface again.

At issue is a 2.3 percent fee on medical devices sold in the United States, like heart implants and artificial joints. The levy is supposed to generate about $30 billion over the next decade, according to government estimates, to be used to pay for the expansion of health care benefits under the new law.
Republicans and some Democrats, particularly from states like Minnesota and Massachusetts where medical device producers are based, have urged repeal of the tax. The dispute dates to 2009, when the legislation was being crafted…

Read More at www.nytimes.com

About RMS

We are a wholesale distributor of quality medical devices located in the USA. We offer a wide variety of products ranging from Mobility, Patient Care, Blood Pressure and Respiratory Care. Our mission is to provide quality service in order to build your trust and become your primary wholesale distributor of popular and hard-to-find medical supplies designed for both children and adults.

Calendar

May 2024
M T W T F S S
« Feb    
 12345
6789101112
13141516171819
20212223242526
2728293031  

Testimonials

Royal has been a super company to partner with.

Specials