Bloomberg reports on the latest Republican effort to dismantle President Obama’s unpopular healthcare law:
Republicans in the U.S. House joined with 37 Democrats to pass a bill repealing a medical-device tax, chipping away at the 2010 health-care law in a victory for companies including Medtronic Inc. (MDT) and Boston Scientific Corp. (BSX)
The Republican-led House voted 270-146 yesterday to pass the repeal measure. The 2.3 percent excise tax on sales, estimated to raise $29 billion over the next decade, is due to take effect in 2013. It applies to devices such as hip implants and coronary stents that aren’t sold directly to consumers.
"Plain and simple, this tax hike is a job killer and it must be repealed," said Representative Dave Camp, a Michigan Republican who heads the House Ways and Means Committee.
A recent CBS News/New York Times poll found that most Americans want the Supreme Court to overturn all or part of the controversial law.
