Yesterday afternoon, March 6th, the House Republicans released the bill to repeal (most of) the Affordable Care Act, also known as Obamacare.
Since F2 Labs is a safety compliance laboratory, helping many companies comply with regulatory issues when bringing their medical devices to market, we are most interested in the fate of the medical device tax levied on manufacturers through the Affordable Care Act.
As I understand it from reading the article titled, GOP hits the gas on Obamacare repeal, published last night, the bill is in two parts – one part written by the Energy and Commerce Committee (here) and the second part by the Ways and Means Committee.
This morning I reviewed the half of the bill written by the House Ways and Means Committee and published here: Ways and Means Committee repeal bill.
In the Ways and Means Committee bill, see page 17, section 11, Repeal of Medical Device Excise Tax below.
We will follow this developing story closely.