Medical device lobbyists sway Senate with relaxing truth massage

Artificial hip

Artificial hip

In 2010, the Affordable Care Act included a 2.3% tax on medical devices, designed to offset the cost of subsidizing health care for low-income families. Last week, the Senate voted 79-20 to repeal that tax in response to heavy lobbying by the medical device industry. Weirdly, 34 Democrats voted for repeal—many of the same senators who voted for the original tax. What a difference 30 months, several dozens lobbyists and one false cost estimate make. According to Bloomberg, the “reasonable assumptions” that the trade group AdvaMed used to estimate the cost of the tax “conflict with economic research, overstate companies’ incentives to move jobs offshore, and ignore the positive effect of new demand created by the law.”

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