WASHINGTON, D.C. – AdvaMed President and CEO Scott Whitaker today released the following statement on Senate passage of full repeal of the medical device excise tax:
“On behalf of the entire medtech industry and the patients we serve, we thank the Senate for passing legislation to repeal the medical device excise tax once and for all. Without the leadership of Majority Leader Mitch McConnell and Minority Leader Chuck Schumer, as well as that of Sen. Pat Toomey and all the cosponsors of the device tax repeal legislation, the industry would be facing massive job losses and cuts to the very research and development we need to save and improve patients’ lives. Patients are the real winners here today.
“We look forward to the president signing this legislation into law.”
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AdvaMed member companies produce the medical devices, diagnostic products and health information systems that are transforming health care through earlier disease detection, less invasive procedures and more effective treatments. AdvaMed members range from the largest to the smallest medical technology innovators and companies. For more information, visit www.advamed.org.