You don’t often hear about a 79-to-20 vote in the U.S. Senate. But that’s exactly what happened last night. The chamber voted overwhelmingly to repeal a tax on medical devices which was designed to generate $30 billion over 10 years to help pay for the Affordable Care Act.
Medical device makers are complaining the tax hurts them more than the rest of the medical and insurance industry. While hospitals, drug and insurance companies will pay or give up revenue as part of the reforms, they also stand to benefit as new customers enter the system. But the medical device industry argues most of their customers are already insured or covered by Medicare.
The vote to repeal the tax was largely symbolic. But it does show how unpopular the measure is, with both Republicans and Democrats coming out against it.
If you’re a member of your local public radio station, we thank you — because your support helps those stations keep programs like Marketplace on the air. But for Marketplace to continue to grow, we need additional investment from those who care most about what we do: superfans like you.
Your donation — as little as $5 — helps us create more content that matters to you and your community, and to reach more people where they are – whether that’s radio, podcasts or online.
When you contribute directly to Marketplace, you become a partner in that mission: someone who understands that when we all get smarter, everybody wins.