If Republican presidential candidate Donald Trump wins the election, his administration would repeal the medical device tax, said Former HHS secretary Tommy Thompson last week at the annual AdvaMed conference in Minneapolis.
The 2.3 percent tax on all U.S. sales of prescribed medical devices was created under the ACA, according to MassDevice. The tax took effect in 2013 before being tabled in Dec. 2015 as part of an omnibus tax and spending bill. The tax is scheduled to take effect again at the start of 2018.
"A big part of this, obviously, is waiting to see who the next president is, regardless of who it is, knowing that Congress and that next president need to work on modernizing the tax code," Rep. Erik Paulsen (R-Minn.), who has worked with both side of the aisle for several years to repeal the tax, told MassDevice.
Hillary Clinton has not issued a firm stance on the matter, although she "has a long history of negotiating with Congress to move her priorities forward, and everything will be considered while she and her transition team determine how to pass healthcare legislation in 2017 and beyond," reports Bloomberg BNA.
If Trump wins, republicans would likely have full control of Congress and a repeal of the tax is more likely. If Ms. Clinton wins, control would likely split congress, making another suspension of the tax more likely, according to Mr. Thompson.
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