Tea Party hardliners, AMA strongly oppose GOP’s Obamacare replacement plan

C6BGOAzWgAIVPt1Republican legislation that looks to dismantle and replace Obamacare is facing serious opposition from many angles, including from hardline conservatives and the American Medical Association.

Republican U.S. House of Representatives leaders yesterday released their new legislation which looks to eliminate Obama’s Affordable Care Act, including the medical device tax.

The plan would also eliminate more than $500 billion in federal revenue, according to the Joint Committee on Taxation. The committee estimated that a delay of the “Cadillac tax” on high-cost health plans, set to go into effect in 2020 and delayed to 2025, would cost an estimated $48.7 billion in tax revenue.

A repeal of the 2.3% medical device tax would cost $19.6 billion over 10 years, the committee said. In addition, repealing the tax on brand pharmaceutical companies would cost $24.8 billion, repealing the health-insurance tax would cost an additional $144.7 billion. Repeal of the 10% indoor tanning service would cost $600 million.

By Fink Densford | MassDevice

Image Credit: MassDevice

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About Peter Coffaro 1104 Articles
A growth-driven and strategic executive, Peter Coffaro commands more than 20 years of progressive management success within the medical device industry. As a District Sales Manager for Stryker Orthopaedics, Peter was responsible for managing and directing a regional sales force to achieve sales and profit goals within the Rocky Mountain region. Previously, he was the Director of Sales & Marketing for Amp Orthopedics. In this role, Peter was responsible for planning, developing, and leading all sales and marketing initiatives. Peter is a former orthopedic distributor in the Pacific Northwest. He has also worked with DePuy Orthopaedics as well as Zimmer, and held positions in sales, sales training, and sales management. Peter has an extensive background in organizational development, business development, sales management, negotiating and P&L management. Peter holds a B.S. degree in Biology from Northern Illinois University.

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