On Thursday, the U.S. House of Representatives passed H.R. 160, the Protect Medical Innovation Act, which was introduced by Rep. Erik Paulsen (R-MN). This bill repeals the 2.3% excise tax put in place by ObamaCare that has had a disastrous impact on American small businesses and manufacturers that produce life-saving medical devices used every day by doctors and patients. Upon passage, Ways and Means Chairman Paul Ryan (R-WI) issued the following statement:
“This tax is a prime example of ObamaCare’s flawed priorities. Taxing medical devices not only stifles innovation and threatens American jobs, but drives up health care costs and makes treatments less accessible for those who need them most. By repealing this tax, American medical innovation can refocus on encouraging discovery and finding solutions for the health challenges—and emergencies—so many Americans face. I applaud Rep. Paulsen for his work on this legislation, and I’m proud to support it.”
AMAC is very pleased to see that H.R. 160 passed with bipartisan support, and we thank the 7,400 AMAC members who called and emailed their Representatives to unburden the public from this harmful ObamaCare tax. Your participation in the legislative process remains immensely important, and we look forward to engaging the AMAC membership in future call-to-action campaigns when issues significant to seniors arise!