A bill has been introduced in the U.S. House of Representatives that would repeal the controversial 2.3 percent excise tax on medical devices that went into effect in 2013 as part of the Affordable Care Act.
The Protect Medical Innovation Act, introduced by Rep. Erik Paulsen (R-Minn.), co-chair of the Congressional Medical Technology Caucus and a member of the powerful House Ways and Means Committee, garnered widespread support with 254 cosponsors including 27 Democrats. The tax, which imposes an excise fee on medical devices to help pay for costs associated with the ACA, has been heavily criticized by legislators and the medical device industry.
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