Rep. Mia Love, R-Utah, has called for the repeal of the medical device tax that helps fund the Affordable Care Act because it is harming the industry in the Beehive State.
“If this tax isn’t repealed, Utah’s companies won’t have the money to invest in hiring and retaining employees or updating infrastructure in this rapidly changing and competitive industry,” Love said, The Salt Lake Tribune reports.
“Last year, the medical device industry generated $5 billion to this state’s economy, and generated 10,600 jobs. There is a lot at stake here.”
The Affordable Care Act, President Barack Obama’s signature healthcare law, includes a 2.3 percent tax on medical devices to help fund health insurance.
The Tribune points out that Utah’s medical device industry is one of the state’s largest political donors.
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