Hospitals

House Passes Legislation that Both Repeals and Refunds the 2.3% Device Excise Tax

BY ANDREW VAHRADIAN, SEPTEMBER 29, 2014

In the last action till after the mid-term elections in November, the U.S. House of Representatives voted in favor of legislation that repeals the 2.3% medical device excise tax, demonstrating that the campaign to rescind the device tax continues in Washington.

The House voted in favor of the “Jobs for America Act”, a package of bills that had already individually passed the lower chamber, with a vote of 253 to 163. Republicans mostly voted in favor of the bill, while the majority of Democrats voted against it.

In the last couple of years, Congress has passed a number of symbolic resolutions against the tax, but this most recent attempt is unique because it not only revokes the tax, but also would issue a refund for all levies paid by medical device manufacturers since the tax went into effect on January 1, 2013.

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Josh Sandberg

Josh Sandberg is the President and CEO of Ortho Spine Partners and sits on several company and industry related Boards. He also is the Creator and Editor of OrthoSpineNews.

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