Medical Device Excise Tax Suspended for Two Years

By Teresa Kenney

The stopgap bill President Donald Trump signed to end the federal government shutdown included a two-year suspension of the medical device excise tax of 2.3%. This is a continuation of a two-year suspension in 2016 and 2017 and will be retroactive to January 1, 2018.

Medical Alley Association president and CEO Shaye Mandle issued the following statement regarding the action:

“The Medical Alley Association is pleased that Congress and the President have prioritized health consumers and Minnesota’s leading health technology economy with a two-year suspension of the medical device excise tax, retroactive to January 1, 2018. We will continue to work with Congressional leaders to ensure that health consumers can have confidence in treatment options and improved outcomes through a full repeal.

We are thankful for Minnesota’s strong leadership on this issue and the continued support provided, led by Congressman Erik Paulsen and Senator Amy Klobuchar. Their tireless efforts are greatly appreciated by health consumers and innovators. We want to thank the members of our delegation who voted for this suspension, Congressmen Tom Emmer, Jason Lewis, Rick Nolan and Collin Peterson, and Senator Tina Smith.”

 

About Medical Alley Association:

Founded in 1984, Medical Alley Association serves the individuals and organizations that comprise Minnesota's health industry by influencing policy and providing intelligence focused on improving the quality of health.