News Headlines Article

House floats repeal of medical device tax as compromise to end government shutdown
Modern Healthcare

A bipartisan House measure to repeal the 2.3% medical device excise tax that helps fund the healthcare reform law has been floated as a compromise to end the federal government shutdown.

Reps. Charlie Dent (R-Pa.) and Ron Kind (D-Wis.) were leading a coalition of 11 Republicans and eight Democrats late this week seeking an end to the stalemate. The proposal reportedly would fund the government at the sequester cut levels for six months, repeal the device tax and offset the nearly $30 billion revenue loss over 10 years by changing employer pension rules.