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

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?

Siemens AAMI 2014 CMS debate video released See a video of the debate on CMS's imaging equipment maintenance edict from December 2013

Technology uses extremely cold temperatures to treat breast cancer Multi-center trial enrolls first patients

Samsung's tablet ultrasound can diagnose patients en route to hospital The technology can prove crucial when seconds matter

Ultrasound-powered chip monitors diseases and delivers therapies May be able to study nervous system and treat Parkinson's symptoms

Celgene invests in Sequenta's MRD test Test will participate in trials to create blood cancer medicine

AFT calls for improved Ebola hospital protocols Meanwhile, 43 people in Texas are removed from Ebola watch list

Americans with insurance still not going to doctor Will making cost and quality information transparent be the solution?

Mass. health care cost transparency law underperforming Pricing still murky after transparency law introduced

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