Reports: Obamacare architect Baucus to step down at year's end
Sen. Max Baucus (D-Mont.), 1 of the chief architects of the Affordable Care Act and the medical device tax, is reportedly stepping down at the end of this term.
Sen. Max Baucus (D-Mont.) is reportedly planning to retire when his current term ends this year, according to multiple news outlets today, potentially removing a key opponent to the medical device industry's push to repeal a 2.3% tax on U.S. medtech sales.
Baucus , as chairman of the powerful Senate Finance Committee, was 1 of the chief architects of Obamacare, helping to negotiate provisions including the medical device tax that's expected to raise about $30 billion over a decade to help fund healthcare reform.
Although the U.S. House last year passed a measure that would repeal the tax, a companion bill was never taken up in the Senate. Another House repeal bid already has enough co-sponsors to pass through the lower chamber this year.