Medical Device Tax Repeal Heating Up

Following up on the hearing from B. Braun Medical Inc. advocating for the repeal of the medical device tax, according to news sources, more than a dozen House Democrats are pressuring leadership to advance a bill repealing ObamaCare’s medical device tax before Memorial Day (May 25).  Leading the charge is Representative Scott Peters (Calif.), who, in a letter dated May 1, urged a “timely passage” of H.R. 160, the Protect Medical Innovation Act, to Speaker John Boehner and Minority Leader Nancy Pelosi.  According to Peters:

As companies look to make cuts to offset the tax, one of the first items to go is research and development.  This undermines the future of the industry, and puts the discovery of new breakthrough medical technologies at risk.

While the repeal of the tax is receiving bipartisan support , the Obama administration is likely to oppose the repeal unless lawmakers can find a way to make up the cost, an estimated $26 billion over the 2015-2024 period according to a report by the Center on Budget and Policy Priorities.  Further, it seems unclear whether there is enough debate time in order to meet Representative Peter’s Memorial Day deadline.  However, it seems clear that at least one major push to repeal the tax will be coming soon.

Dan Fischer

Dan Fischer is an associate at our New York office. In his practice, Mr. Fischer assists clients large and small in various technological fields including metals/alloys, polymers, composites, medical devices, semiconductors, oil pipes, catalytic converters, and building construction.

Mr. Fischer received his J.D. from the University of Southern California. During law school, he worked in the USC IP and Tech clinic.

Before attending law school, Mr. Fischer attended the University of Illinois and received a B.S. in Materials Science Engineering with concentrations in biomaterials and polymers. Mr. Fischer also worked in the Materials Lab at FermiLab.

Mr. Fischer worked as a summer associate at the firm in 2010 and joined the firm as an associate in 2011.

Click here to read full bio
View all posts published by Dan Fischer »

Leave a Reply

By using this blog, you agree and understand that no information is being provided in the context of any attorney-client relationship. You further agree and understand that nothing herein is intended to be legal advice. This blog is solely informational in nature, and is not intended as, and should not be used as, a substitute for competent legal advice from a retained and licensed attorney in your state. Knobbe Martens LLP makes no representations or warranties as to the accuracy, completeness, timeliness or availability of the information in this blog. Knobbe Martens LLP will not be liable for any injury or damages relating to your use of, or access to, any such information. Knobbe Martens LLP undertakes no obligation to correct or update information on this blog, which may be incorrect or become incorrect or out of date over time. Knobbe Martens LLP reserves the right to alter or delete content or information on the blog at any time. This blog contains links and references to other websites and publications that you may find of interest. Knobbe Martens LLP does not control, promote, endorse or otherwise have any affiliation with any other websites or publications unless those websites or publications expressly state such an affiliation. Knobbe Martens LLP further has no responsibility for, and makes no representations regarding, the content, accuracy or any other aspect of the information in such websites or publications.