MassMEDIC Statement On U.S. Congressional Repeal Of Medical Device Excise Tax

Wednesday, December 18, 2019 General News
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MassMEDIC President Brian Johnson released a statement following the bipartisan vote today in the U.S. Congress to repeal the Medical Device Excise Tax. MassMEDIC thanks the Congressional Delegation and bill cosponsors. Repeal of this tax lifts a huge burden, and will enable the medical device innovators in the Commonwealth to accelerate innovation, grow the region's medtech economy and deliver new therapies to patients in need.

BOSTON, Dec. 17, 2019 /PRNewswire-PRWeb/ -- The Massachusetts Medical Device Industry Council (MassMEDIC) President Brian Johnson released the following statement after the full repeal of the Medical Device Excise Tax by the U. S. House of Representatives today. The spending bill will now go to the U.S. Senate for a vote and onto the President to be signed into law

"MassMEDIC, along with our partners in Washington, D.C., have been working in collaboration for nearly a decade to ensure the full and permanent repeal of the medical device tax. After countless meetings on Capitol Hill with Congressional leadership, the repeal today is a result of bipartisan support in Congress.

"The full repeal of the medical device excise tax lifts a huge burden from the medtech industry in Massachusetts and will help patients across the globe. This regressive tax stifled innovation for far too long and its repeal will allow medical device companies across our state to accelerate innovation, to foster continued growth of the medtech economy for the Commonwealth and to bring new therapies to patients in need.

"MassMEDIC would like to thank the entire Massachusetts Congressional delegation, and in particular Chairman Richard Neal and Representative Katherine Clark for their leadership and tireless support. Along with the nearly 300 cosponsors of the device-tax-repeal legislation, this was truly a bipartisan effort to do what's best for patients and medtech innovators."

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About MassMEDIC: The Massachusetts Medical Device Industry Council (MassMEDIC), an organization of more than 300 manufacturers, suppliers, research institutions, and academic health centers, promotes the unique interests of the Bay State's growing and vibrant medical device sector. Through a variety of programs, informational seminars, advocacy campaigns and other projects, MassMEDIC provides medical device manufacturers and suppliers with information on industry trends and regulatory policies and creates forums that allow members to exchange ideas and information on issues affecting the industry. For more information on MassMEDIC, visit our web site at http://www.massmedic.com.

 

SOURCE MassMEDIC



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