Medical device tax: Companies (cautiously) optimistic on repeal
The medical device industry used its annual confab in Boston to express optimism that the votes are there in the U.S. Senate for a repeal of the medical device tax.
Leaders of the medical device industry expressed confidence last week that the votes are there in the U.S. Senate for a full repeal of the medical device tax, slated to go into effect in January 2013.
"At the moment, I'm still betting that the tax will be repealed," B.Braun Medical CEO Caroll Neubauer told audience members at the AdvaMed 2012 conference in Boston. "We have a bill in the U.S. Senate, which if it gets to the floor would pass. It would get 53 or 54 votes from outspoken senators, including Democrats, who are going to vote for it.
"It's the Senate majority leader [Harry Reid (D-Nev.)] and the chairman of the Senate Finance Committee [Sen. Max Baucus (D-Mont.)] who are not letting it get to the floor," he added.