Fixing the Health Care System

Floor Speech

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Mr. COSTELLO. Mr. Speaker, it is an exciting honor to address the
people's House for the first time.

The 114th Congress carries with it a great opportunity to address the
challenges our Nation faces. One priority of the new American Congress
is fixing our broken health care system. We have all heard from small
businesses and companies who have been forced to lay off workers due to
the President's health care law, consequently slowing innovation that
drives our Nation and slowing the pace at which that innovation can
improve public health outcomes for all Americans.

This week I am proud to cosponsor H.R. 160 that will repeal the
medical device tax. In southeastern Pennsylvania, innovation, investment, and
jobs at companies such as Neuronetics and Fujirebio Diagnostics are at
risk because of this nearly $30 billion tax hike. There are almost 600
medical device companies that employ over 20,000 Pennsylvanians in
good, high-paying jobs. Due to this excise tax, we have seen thousands
of jobs lost nationwide. If we fail to act, we are on track to see
thousands more lost.

With my colleagues, I look forward to passing this legislation with
bipartisan support.

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