Is Medical device tax a lame duck? Industry insiders look for repeal after election
Some medtech industry insiders are aiming optimistically for the "lame duck" period between election day and the seating of a new Congress to push efforts to repeal the 2.3% medical device tax - regardless of who wins the White House.
There's a growing confidence among medical device industry insiders that there may be an opportunity to repeal the medical device tax in the interim session between the November election and the seating of a new Congress - no matter who wins the race to the White House.
"I believe there is an opportunity to repeal [the medical device tax] during the lame duck session," Mark Leahey, CEO of the Medical Device Manufacturing Assn., said during the OCTANe Medical Device Investors Forum in Irvine, Calif this week. "I'm confident we could get a repeal."
Leahey said his organization, which represents small and mid-sized medical device manufacturers, has had several fruitful conversations with Democratic senators, who he believes will support a repeal efforts if a bill is brought up for a vote on the Senate floor.