12 U.S. governors urge repeal of medical device tax

Twelve U.S. governors are urging congressional leaders to repeal the medical device tax before the end of the year.

In a letter sent to Senate Majority Leader Mitch McConnell (R-KY) and House Speaker Paul Ryan (R-WI), the governors detailed why the tax is detrimental.

"The medical device tax is a 2.3% excise tax on the value of domestically sold medical devices, which results in increased prices for consumers, lowers job opportunities, and [decreases] investment in the industry," the letter said.

The House passed a bill to repeal the tax in July, but a similar bill has remained stalled in the Senate.

The following governors signed the letter:

  • Greg Abbott (R-TX)
  • Matt Bevin (R-KY)
  • Phil Bryant (R-MS)
  • Jeff Coyler (R-KS)
  • Gary Herbert (R-UT)
  • Paul LePage (R-ME)
  • Henry McMaster (R-SC)
  • Kim Reynolds (R-IA)
  • Pete Ricketts (R-NE)
  • Rick Scott (R-FL)
  • Christopher Sununu (R-NH)
  • Scott Walker (R-WI)

"As leaders, it is vital that we seize on opportunities to inject free-market principles into our healthcare system, which will not only improve it but bring down premiums and stop the unsustainable spending," the governors concluded.

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