Minnesota Congressman Erik Paulsen projects a bill repealing the medical device tax will be passed – soon.
“I think we’re going to see that get across the finish line at some point this year,” he said, speaking at this week’s MedTech Investor Conference in Minneapolis.
Paulsen said a Ways and Means committee has been scheduled for June 2 to figure out the best timing to launch a new bill – as well as the best opportunity to get it through the House. This could involve packaging the bill with something else, Paulsen said, so as to push it through Senate as well.
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“Timing is everything – so we want to make sure we do this correctly,” he said.
Paulsen said that pushing a repeal for the medical device tax is his “key passion right now.” Indeed, he’s one of the industry’s most avid advocates in terms of repealing the controversial excise tax – a 2.3 percent levy on revenues from medical device sales.
This effort has already generated bipartisan support. The House has already voted twice in favor of a repeal of this Obamacare mainstay; Senate has yet to formalize its support but seems generally receptive to a repeal.
