In spite of a veto threat from the White House, House members will vote Thursday on a bill to repeal a provision in the 2010 healthcare law that requires a 2.3% tax on medical devices starting next year.
The legislation from Rep. Erik Paulsen (R-Minn.) to overturn the nearly $30 billion excise tax on medical device manufacturers also includes a provision from Rep. Lynn Jenkins (R-Kan.) to repeal a measure in the Patient Protection and Affordable Care Act that prohibits using funds from flexible health spending accounts, health savings accounts, health reimbursement arrangements or Archer medical savings accounts to buy over-the-counter drugs without a prescription.
Paulsen’s bill has received strong support from several industry groups, including the U.S. Chamber of Commerce, the Retail Industry Leaders Association, the Advanced Medical Technology Association, the National Association of Manufacturers and the National Federation of Independent Business.
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