AdvaMed Issues Statement on Fiscal Cliff and Medical Device Tax
The Advanced Medical Technology Association has issued a statement on the passage of the "fiscal cliff" legislation and medical device tax.
The following statement was attributed to Stephen J. Ubl, president and CEO of AdvaMed:
"The effort to repeal the medical device tax will continue. The passage of a scaled-back fiscal cliff package that did not address the medical device tax does not diminish the need to repeal the tax. It also does not diminish the bipartisan support for the repeal effort, which is premised on the recognition that the tax is costing jobs and threatening patient care. We urge Congress to repeal the device tax as it returns to address the other pressing tax and budget issues facing the country, so that we can avoid going over the medical technology innovation cliff.
"We appreciate the efforts of members on both sides of the aisle and on both sides of Capitol Hill, and we will continue to work with them to get Congress to act as soon as possible.
"AdvaMed also is disappointed in the cuts to imaging and diabetes-related services that are a part of the package passed by Congress. We believe these cuts will hurt access to important technologies that Medicare beneficiaries depend upon."
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