Medical device tax: Sen. Hagan still searching for a pay-for to foster repeal
Senator Kay Hagan (D-N.C.) is looking to her state's business leaders to find a way to repeal the 2.3% medical device tax and make up for the make up for the $30 billion in revenue it's slated to raise to support healthcare reform.
Senator Kay Hagan (D-N.C.) is looking for a "fiscally responsible" way to repeal the medical device tax and spare her state's medtech companies, aiming for a viable pay-for to make up for the $30 billion the 2.3% tax is expected to raise over 10 years.
In an email interview with MassDevice.com, Hagan told us that she's having conversations with business leaders in her state to brainstorm ideas on how to replace the funding for healthcare reform in a manner that leaves medtech resources intact.
"My number one priority is getting North Carolina back to work, and I believe that increasing the number of these good-paying jobs will be essential to our state's economic security," Sen. Hagan told us.