Today, the House passed H.R. 436, a bill repealing the medical device tax that was included in Obamacare. The bill repeals a 2.3 percent tax on the manufacture or import of medical devices, beginning in 2013. Rep. Mario Diaz-Balart (R-FL) issued the following statement:
"The 2.3 percent tax on medical devices would seriously hurt the patients who depend on these crucial medical devices. Additionally, the businesses that manufacture and import these devices would have to eliminate over 40,000 jobs and would see $3.5 billion dollars in losses. Research and development, clinical trials, and investments -- factors that are significant to the development of technology to improve the well-being of patients, as well as the growth of the industry -- would suffer greatly. By repealing this bill, we are one step closer to reversing Obamacare and the job-killing increases in healthcare costs for patients. The House has taken the first step and I now urge Senate Democrats and President Obama to follow our lead in order to stop this devastating tax from being implemented."