Indiana Medical Device Manufacturers Council

Barbara Brosher / WFIU

 

Several of Indiana’s Congressional Representatives are once again co-sponsoring legislation that would repeal the Medical Device Tax.

Several Indiana companies have been pushing for a repeal of the tax that took effect in 2013.

Congress passed a two-year suspension of the 2.3 percent excise tax at the end of 2015.

But Indiana medical device manufacturers are still operating with a level of uncertainty about what will happen beyond that.

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A $6 billion healthcare bill making its way through Congress could have significant effects on health, industry and research in the Hoosier State.

The 21st Century Cures Act was approved by a wide majority in the House Wednesday. It offers up nearly $5 billion in research spending through the National Institutes of Health, which funnels the cash to schools such as Purdue and Indiana University.

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 Medical device manufacturers across the state are getting some temporary relief after Congress approved a two-year suspension of the medical device tax at the end of last year.

Indiana Public Broadcasting’s Barbara Brosher reports industry leaders are hopeful the suspension will turn into a permanent repeal of the tax after a new president takes office.

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Leaders from Indiana’s medical device industry and both of the state’s U.S. Senators hailed Congress’ passage Friday of a more than trillion-dollar spending bill, a measure that temporarily halts a controversial medical device tax.

Senators Joe Donnelly and Dan Coats have long criticized the medical device tax created by the Affordable Care Act, calling for its repeal.  The omnibus spending measure approved by Congress suspends the tax for two years. 

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The House has again voted to repeal the medical device tax included in the federal health care law -- but Indiana manufacturers insist this time, it might stick.

The Senate is considering repeal of the 2.3-percent tax under a rule which prohibits a filibuster. That makes the bill likely to reach President Obama's desk for the first time.

The White House has already threatened a veto, but Indiana Medical Device Manufacturers Council president Denis Johnson maintains there's reason to believe Obama might reconsider.