Senators introduce legislation that would fully repeal medical device tax
Organizations such as the Medical Imaging and Technology Alliance and the Advanced Medical Technology Association have been pushing for Congress to fully repeal the 2.3 percent sales tax on medical devices. Could such action now be on the way?
U.S. Senators Ed Markey and Elizabeth Warren of Massachusetts announced legislation that would end the tax—which had been suspended for two years until returning Jan. 1, 2018—for good.
Shannon Young of MassLive.com reported on the legislation, adding that it would offset the cost of repealing the tax “by ending a projected $29 billion in tax breaks for oil companies over the next decade.”
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Michael has more than 18 years of experience as a professional writer and editor. He has written at length about cardiology, radiology, artificial intelligence and other key healthcare topics.