WASHINGTON DC – U.S. Senator Bob Casey (D-PA) along with a bipartisan group of ten Senators, today introduced the Medical Device Access and Innovation Protection Act, S. 149, a bill to repeal the medical device tax that was implemented as a part of the Patient Protection and Affordable Care Act (PPACA). Under PPACA, manufacturers of medical devices are required to pay a 2.3 percent excise tax on medical devices.
“I’m hopeful that this new Congress can come together in a bipartisan way to repeal the medical device tax,” Senator Casey said. “The current tax on medical devices presents significant challenges for businesses in Pennsylvania who innovate and create jobs.”
Joining Senator Casey in introducing the Medical Device Access and Innovation Protection Act today were Sens. Hatch (R-UT), Chairman of the Senate Finance Committee, Amy Klobuchar (D-Minn.), Pat Toomey (R-Pa.), Joe Donnelly (D-Ind.), Richard Burr (R-N.C.), Al Franken (D-Minn.), Rob Portman (R-Ohio), Bob Casey (D-Pa.), Dan Coats (R-Ind.), and Jeanne Shaheen (D-N.H.).