SEARCH
Current Location:
>
> This Story


Log in or Register to rate this News Story
Forward Printable StoryPrint Comment

Never Miss a Story

Sign up for email alerts

 

More Industry Headlines

Mevion partners with Philips to improve proton therapy treatment New technology only takes a few seconds to scan tumor

Kentucky Trailer acquires Advanced Mobility to expand medical footprint Together they look toward a greater international presence

Screening with tomo and mammo leads to 405 fewer false positives per 1,000 women The cost of the two is relative to cost of mammo alone

Comparing catheters for early stage breast brachytherapy Is the treatment underutilized? The BC5 Project thinks so.

Health Gorilla Marketplace expands in effort to demystify ACO and IPA options Version 2.0 adds seven new vendor categories to its market reach

Siemens' new MR kit may reduce pediatric anxiety and need for sedation Could lead to reduced costs and increased efficiency

400 experts gather at Focused Ultrasound Foundation's annual meeting 200 scientific presentations show promising new research

380 hospitals execs weigh in on the future The quest to provide better care with fewer resources

Companies develop pediatric medical devices to compete for $50,000 prize Will the smallest of patients finally have more options?

New imaging method may detect cancer earlier Will shortwave infrared be a bright spot?

After ACA ruling, Medical device makers still hate the excise tax

by Brendon Nafziger , DOTmed News Associate Editor
Now that the Supreme Court has essentially upheld the Affordable Care Act, that means one really important thing to medical device companies: a 2.3 percent excise tax on device sales included in the bill will still take effect next year.

In a lighting-fast reaction to the news of the ACA's survival, Stephen Ubl, CEO of the Advanced Medical Technology Association, or AdvaMed, the device manufacturers trade lobby, issued a statement, saying his group would continue to work to squash the tax, which will raise nearly $29 billion over the next decade to help offset the costs of reform.

Story Continues Below Advertisement

We want to buy your Siemens Symphony or Avanto MRI -- today!

Top Dollar Paid, Fixed or Mobile. Call our Siemens Specialist for a Quote today -- 212-558-6600 Ext. 250 DOTmed Certified



"AdvaMed supported goals of health care reform consistent with our long-held principles," Ubl said in the statement. But he said his group has opposed the excise tax because of "its damaging effects on economic competitiveness, jobs and the research and development needed to find tomorrow's treatments and cures."

Earlier this month, the House of Representatives, which Republicans control, voted to repeal the tax, but at the time the Senate, led by Democrats, said it wouldn't vote on the legislation. However, Ubl said in the news release that he was "heartened by the number of senators who have said they oppose the tax."

Related:


Interested in Medical Industry News? Subscribe to DOTmed's weekly news email and always be informed. Click here, it takes just 30 seconds.

You Must Be Logged In To Post A Comment

Access and use of this site is subject to the terms and conditions of our LEGAL NOTICE & PRIVACY NOTICE
Property of and Proprietary to DOTmed.com, Inc. Copyright ©2001-2014 DOTmed.com, Inc.
ALL RIGHTS RESERVED