Washington, D.C. —Congressman Jim Banks released the following statement after voting for the Protect Medical Innovation Act, which would permanently repeal the medical device tax: “With this vote, we are one step closer to repealing this tax once and for all. Arguably, no one has been hurt more by the medical device tax than hard-working …read more.

INDIANA — The Indiana Medical Device Manufacturers Council commends lawmakers on suspending the job-killing medical device excise tax for two years. This action by Congress was part of the continuing resolution to end the government shutdown.  “The IMDMC applauds the Indiana delegation and congressional leadership for their hard work to suspend the medical device tax …read more.

WARSAW — Following the House passing The Protecting Americans From Tax Hikes Act of 2015, many are celebrating what they will believe of huge benefit to those in the medical device industry. The act, titled PATH for short, will suspend the medical device tax and make the Research and Development Credit and Section 179 expensing …read more.

Yesterday, the US House of Representatives passed the “Protect Medical Innovation Act of 2015”, which repeals the 2.3 percent tax on medical device sales. The tax, which took effect in 2013, was designed to support the president’s Affordable Care Act. Though ACA has provided medical coverage for some 16 million Americans, opponents of the tax, …read more.

Congresswoman Jackie Walorski (IN-02) issued the following statement after the House passed legislation to repeal the Medical Device Tax. H.R. 160, the Protect Medical Innovation Act of 2015, which Walorski is an original co-sponsor, repeals the 2.3 percent tax on device sales, a significant funding mechanism for the Affordable Care Act, commonly known as Obamacare.  …read more.

[weaver_youtube cScv2xgqdFI rel=0] Yesterday Senator Dan Coats (R-Ind.), a member of the Senate Finance Committee, participated in a Finance Subcommittee on Health hearing entitled, “A Fresh Look at the Impact of the Medical Device Tax on Jobs, Innovation, and Patients.” The hearing examined how the 2.3 percent medical device excise tax is effecting the American …read more.

By KARA BROOKS Office of Governor Mike Pence In a letter sent today to Speaker John Boehner and Majority Leader Mitch McConnell, Governor Mike Pence encourages Congress to take on reforming the corporate tax code and repealing the medical device tax. In 2014, Governor Pence signed into law legislation that will reduce Indiana’s state corporate …read more.

Yesterday two Indiana senators announced their support for bipartisan legislation reintroduced that would repeal the medical device tax. U.S. Senator Joe Donnelly, along with fellow Hoosier representative, Senator Dan Coats (R-Ind.), joined U.S. Senators Orrin Hatch (R-UT) and Amy Klobuchar (D-MN) and seven other senators from both parties sponsoring the Medical Device Access and Innovation …read more.

Senator Dan Coats (R-Ind.), the senior Senate Republican on the Joint Economic Committee, today issued the following statement regarding a recent report issued by the Department of the Treasury’s Inspector General for Tax Administration detailing numerous issues that the Internal Revenue Service is having with the collection and reporting of the tax on medical devices …read more.

Acting on a request from State Representative Terri J. Austin (D-Anderson), Indiana lawmakers are set to spend part of this interim examining ways the state can assist and partner in the continued growth and success of Indiana’s medical device industry, which employs more than 20,000 Hoosiers and generates more than $10 billion in revenue annually. …read more.

Governor Mike Pence today sent a letter to President Obama asking him to work with Congress toward repealing the 2.3 percent excise tax on medical devices that was originally passed as part of the Affordable Care Act. Since it went into effect on Jan. 1, 2013, the tax has had a negative impact on the …read more.

One year after the medical device tax, as part of the Affordable Care Act went into effect, the financial impact on the medtech industry is not as bad as industry lobbyists feared, but it is still concerning to the industry. According to a recently analysis completed by MassDevice.com, the medtech industry paid at least $500 …read more.

Orthopedic industry reports today say Senate Republicans may be making progress with President Barack Obama in modifying the 2.3 percent medical device tax. The tax, which is expected to raise nearly $30 billion over the next 10 years to support Obama’s healthcare reform, has caused great concern for Indiana, and especially Warsaw where three of …read more.

A representative for Medtronic today has confirmed that the orthopedics company will be reducing its Warsaw workforce leaving approximately 50 full-time workers without jobs. Eric Epperson, senior director of communications for the company, told StaceyPageOnline.com today that Medtronic made its employees aware of restructuring plans on April 4 saying changes would occur as the company …read more.

The executive director of the Indiana Medical Device Manufacturers Council is “hopeful” federal lawmakers will repeal a tax on medical device makers. Peggy Welch wants to further educate Hoosier legislators about the impact of the industry today during Life Sciences Exhibitor Day at the Statehouse. She says while large companies can “weather the tax,” smaller …read more.

The U.S. Senate on Thursday voted 79-20 to amend the 2.3 percent medical device tax in an effort to save American jobs, but the resolution alone is not binding. The bipartisan budget amendment calls for the end of the medical device tax enacted as part of President Obama’s healthcare reform law, but unless the entire …read more.

The president of Bloomington-based Cook Medical tells Inside INdiana, “Despite ‘considerable disappointment’ that the fiscal cliff deal did not include a delay in a new medical device tax, the company will continue efforts to lobby lawmakers and the public.” According to Kem Hawkins, the tax will cost Cook $20 million this year and slow down …read more.

REUTERS – The U.S. Internal Revenue Service on Wednesday released final rules for a new tax on medical devices, products ranging from surgical sutures to knee replacement implants, that starts next year as part of President Barack Obama’s 2010 healthcare law. The 2.3 percent tax must be paid, effective after Dec. 31, by device-makers on …read more.

St. Jude Medical (NYSE:STJ) CEO Dan Starks said his company estimates it will pay about $60 million as a result of the medical device tax in 2013, and described it as a tax that will have an unintended negative impact on the medical device industry. The report was made by Med City News earlier this summer. …read more.

U.S. Rep. Todd Rokita today issued the following statement after the House passed the Health Care Cost Reduction Act, H.R. 436, which would repeal the Medical Device Tax: “Today’s vote is a bipartisan victory for Indiana. The poorly conceived medical device tax, passed as part of ObamaCare, would destroy thousands of Hoosier jobs and increase …read more.

The House will vote as early as next week to repeal ObamaCare’s medical device tax, an element of the President’s health care law that makes it harder for small businesses to hire new workers. Majority Leader Eric Cantor sent a notice to all House Republicans that by the end of next week a vote to repeal the …read more.