U.S. House acts to repeal medical devices tax

Republicans in the U.S. House of Representatives are taking another crack at repealing a tax on medical devices contained in the Affordable Care Act. The House voted 280-140 Thursday to ax the 2.3 percent tax, which generates billions of dollars a year to support the health-care reform law. The legislation’s supporters argued the tax discourages innovation in health care. “It takes resources away from pioneering research and the development of life-saving treatments, and it raises the cost…
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