Johanns Sponsors Bill to Repeal Medical Device Tax - KHGI-TV/KWNB-TV/KHGI-CD-Grand Island, Kearney, Hastings

Johanns Sponsors Bill to Repeal Medical Device Tax

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Sen. Mike Johanns is sponsoring a bill to repeal part of President Obama's health care law that puts a tax on manufactured medical devices.

A bipartisan group introduced the legislation Thursday that would get rid of the 2.3 percent excise tax that went into effect in January.

"This tax doesn't just cost the companies that manufacture these products, it drives up health care costs for every American," Johanns said. "We need to repeal this misguided policy so the makers of everything from thermometers to microchips can develop the new and innovative technology that helps save lives."

Johanns says he believes the tax hurts industry innovation, job creation and patient care.

 

 

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