As the House Rules Committee met on Monday to consider a bill repealing the Affordable Care Acts medical device tax, the Obama administration vowed to preserve the funding source to help finance health reform and offset the cost of the ACA.
The Protect Medical Innovation Act of 2015 (H.R. 160), which has 282 cosponsors, would eliminate the 2.3 percent excise tax imposed on the sale of medical devices that was included in the 2010 Affordable Care Act. At a June 15 hearing, House Rules Committee Chairman Pete Sessions (R-Tex.) called the tax an unfair burden that increases healthcare costs, discourages medical innovation, and kills American jobs. Likewise, House Ways and Means Chairman Paul Ryan (R-Wis.) commented that the tax is sending businesses overseas and hurting seniors.
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