Alexander Cosponsors Bill to Repeal Obamacare’s Medical Devices Tax

Says bill would repeal a tax that will “raise premiums for patients and destroy jobs in a fast-growing and life-saving industry – including as many as 1,000 jobs in Tennessee alone”

Posted on April 27, 2012

WASHINGTON – U.S. Senator Lamar Alexander (R-Tenn.) today announced he is a cosponsor of the Medical Device Access and Innovation Protection Act, a bill introduced by Sen. Orrin Hatch (R-Utah), to repeal the 2.3 percent excise tax on medical device manufacturers that was included in the Patient Protection and Affordable Care Act

“This bill would repeal a tax that will raise premiums for patients and destroy jobs in a fast-growing and life-saving industry – including as many as 1,000 jobs in Tennessee alone. Congress needs to repeal the entire health-care law and replace it with reforms that lower the cost of health care, but at the very least it should start with the repeal of this senseless medical device tax that will only make health care more expensive.”

The Medical Device Access and Innovation Protection Act would roll back the 2.3 percent tax on revenues from medical devices that would otherwise kick in next year with the goal of raising $20 billion over 10 years.

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