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House repeals device tax

July 26, 2018HME News Staff

WASHINGTON - The House of Representatives voted earlier this week to repeal a 2.3% excise tax on medical devices. The tax, created under the Affordable Care Act, is not set to take effect until 2020. Lawmakers on both sides of the aisle have sought to repeal the tax, arguing that it would lead to higher prices for consumers and the loss of manufacturing jobs. Most HME was excluded from the tax.

Device Tax