Coats: 'Long Past Time' to Drop Device TaxPosted: Updated:
U.S. Senator Dan Coats is continuing his push to repeal the medical device tax. On the Senate floor this week, he said the tax is slowing the growth of large and small Indiana manufacturers making products ranging from "wheelchair van lifts to artificial knees." Coats is part of a bipartisan group of 10 senators that has introduced a bill to repeal the tax.
January 26, 2015
Washington D.C. -- Senator Dan Coats (R-Ind.), a member of the Senate Finance Committee, today spoke on the Senate floor to urge the repeal of Obamacare's medical device tax.
"This destructive tax has caused Hoosier medical device manufacturers to freeze hirings, lay off workers and shelve plans to expand and build new facilities," said Coats. "Their products, from wheelchair van lifts to artificial knees, hips and shoulders to catheters used in heart procedures have improved or saved the lives of many Hoosiers and countless others across the globe. How ironic is it that Obamacare, which President Obama said would increase health care coverage, is actually a barrier to improving lives and health outcomes?"
Coats recently joined a bipartisan group of 10 senators to introduce the Medical Device Access and Innovation Protection Act (S. 149). The bill would repeal the medical device tax implemented as part of Obamacare.
Source: Office of U.S. Senator Dan Coats