Here are five quick notes on the Act:
1. It’s a bipartisan bill with around 300 co-sponsors.
2. The bill would repeal the 2.3 percent medical device tax created by the Affordable Care Act.
3. The tax could be responsible for 195,000 jobs lost from layoffs or foregone jobs that would have been created.
4. The bill will be coming to the House floor for a vote in the near future.
5. The device tax is used to fund other pieces of the ACA, including insurance coverage expansion.
“Clearly, our healthcare system needs innovation to improve patient care and save lives. Unfortunately, this tax stifles innovation and reduces patient access to new lifesaving technologies. We, therefore, applaud the bipartisan efforts of Congress to abolish this arbitrary tax,” states the letter.
More articles on spine surgery:
Dr. Nitin Khanna presents at international conference
6 spine physicians ranked #1 on Google
Hospitals face 4 lawsuits in connection with unnecessary spine surgeries case
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.