House Votes to Repeal Medical Device Tax in Health Law
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Republicans in the U.S. House joined with 37 Democrats to pass a bill repealing a medical-device tax, chipping away at the 2010 health-care law in a victory for companies including Medtronic Inc. and Boston Scientific Corp.
The Republican-led House voted 270-146 yesterday to pass the repeal measure. The 2.3 percent excise tax on sales, estimated to raise $29 billion over the next decade, is due to take effect in 2013. It applies to devices such as hip implants and coronary stents that aren’t sold directly to consumers.