Boehner Aide Received Bonus From Medical Device Lobby Group Before Overseeing Tax Repeal of Industry
By Lee Fang, Republic Report | Report -
Yesterday, the House of Representatives moved to help save $30 million dollarsfor medical device companies while defunding programs designed to expand health coverage for ordinary Americans. The House took action on legislation to “repeal a 2.3 percent excise tax on gross sales receipts in excess of $5 million for manufacturers and importers of certain medical devices, including defibrillators, pacemakers and prosthetic limbs.” The tax, originally part of the Affordable Care Act, was set up to pay for an expansion in health programs to cover the uninsured in America, which studies have linked to over 45,000 deaths a year.
The repeal comes as medical device makers, a $140 billion industry, have lobbied aggressively and showered lawmakers with contributions. A report from the Center for Budget and Policy Priorities notes that the tax would likely spur innovation by promoting cost-effective ways of delivering care, while also ensuring vital health programs are properly funded. Nevertheless, the House passed the bill 242-173. Read more…