Medical device and MedTech insights, news, tips and more

Medical Device Tax Could be Repealed

March 10, 2017

Medical Device Tax

The ACA replacement plan House Republicans released Monday would permanently repeal the medical device tax, reports MinnPost.

Here are four things to know:

  1. The medical device tax entails a 2.3 percent excise tax on the sale of certain medical devices, payable by the manufacturer or importer of the device, according to the report. The tax was imposed in 2013 as a funding mechanism for the ACA.
  2. The tax faced bipartisan opposition, with device makers arguing it would hurt innovation and unfairly burden smaller device manufacturers, according to MinnPost.
  3. In 2015, Congress temporarily suspended the tax on the sale of non-retail medical devices like pacemakers, heart valves, and artificial hips.
  4. The GOP’s replacement plan would permanently repeal the tax on Jan. 1, 2018.

Written by Mackenzie Bean

More insights

February 21, 2024
Sparrow BioAcoustics Launches Software That Turns a Smartphone into a Stethoscope 
Learn More
October 12, 2023
Brainomix and Nanoflex Robotics to Collaborate on an AI-Assisted Robotic System for Remote Stroke Intervention
Learn More
October 10, 2023
FDA clears Intelivation Technologies new Hammerdesis™ Interphalangeal Fusion System
Learn More

Begin your legacy now. We are your medtech and medical device talent advisory firm.