News Headlines Article

Medical device makers see an opening in budget impasse
Los Angeles Times

Leaders from the medical device industry listened when President Obama vowed in 2009 that there would be shared sacrifice and “no sacred cows” to help pay for his healthcare law. But unlike the pharmaceutical industry, insurers and others at that healthcare summit, the device makers never shook hands on a deal. Instead, after a 2.3% tax on their revenue was included in the 2010 Affordable Care Act, they started a drive to repeal it. Now, with Washington paralyzed in a government shutdown and a fight over the debt limit, the device makers have seized on the impasse as a chance for victory.