Bipartisan ‘ Problem Solvers ’ healthcare reform bill would kill medtech tax

A new bipartisan effort from the US Congress’ Problem Solvers Caucus that looks to alter Obamacare includes a provision to eliminate the 2.3% medical device tax, according to a Finger Lakes Times report. The movement has received support from democratic Colorado Gov. John Hickenlooper and Repub. Ohio Gov. John Kasich, who said they are looking for a plan to stabilize the healthcare markets and lower insurance premiums, according to the report. “It is a great day for American when we put aside our political differences and put Americans first. The Problem Solvers Caucus, in conjunction with governors Kasich and Hickenlooper, demonstrated to our colleagues that only by working together can we solve America’s problems. Looking forward, we are already working on tax reforms that will remove the shackles from American business and unleash the innovation and optimism that drive America,” Congressman Tom Reed (R-N.Y.) said, according to the paper. The removal of the 2.3% device tax would benefit medical device developers, as currently the costs associated with the tax are passed on to the consumers, the caucus claims. The group has a number of other recommendations for improving the healthcare system in the US, including a commitment that the Trump administration agree to cost-sharing reduction payments and the adoption of a temporary stability fund by congress to create reinsurance programs and reduce premiums. The plan would encourage insurance companies to enter u...
Source: Mass Device - Category: Medical Devices Authors: Tags: Healthcare Reform Capitol Hill Source Type: news