Medical device industry wants ACA tax lifted before 2018

The medical device industry is calling on Congress to pass a delay of the ACA's medical device tax sooner rather than later, according to The Hill.

A delay on the 2.3 percent tax on medical devices is slated to end Jan. 1.  But Scott Whitaker, CEO of medical device trade group AdvaMed, told lawmakers in a recent letter he wants them to pass a delay of the tax before 2018, rather than wait until January, the report states.

"It is vital that Congress does not take a step backward and allow this devastating tax to be reinstituted on the industry," Mr. Whitaker wrote, according to The Hill.

"Addressing the device tax now will provide medical technology innovators with the certainty necessary to support future job growth and sustainable, cutting-edge R&D that will ultimately lead to the next generation of breakthroughs in patient care and treatment," he added.

A delay of the medical device tax could be included in a government short-term spending bill this month. However, The Hill notes, it may also wait until the larger government-funding bill next month, which Mr. Whitaker argues would leave companies waiting on refunds for compliance costs.

 

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