American Dental Association Continues Opposing Medical Device Tax, Awaits IRS Guidance [1]

Law [2]
Posted by : ADA on Jan 08, 2018 - 12:00 AM
WASHINGTON, District of Columbia — The American Dental Association [3] (ADA) continues to advocate for Congress to repeal the excise tax on medical devices.

The tax, which was imposed in 2013 under the Affordable Care Act, was frozen in 2015 and reinstated on January 1, 2018. The tax collection is scheduled to begin on January 29 and the ADA is waiting on guidance from the Internal Revenue Service on whether collection will begin on that date.

Since 2013 the Association has worked to repeal the 2.3 percent medical device excise tax paid by manufacturers, importers and producers of certain dental devices, which could ultimately result in increased costs for dentists and dental patients.

The dental manufacturing industry has estimated that the medical device excise tax could increase the cost of dental care by more than $160 million annually.

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Links
  [1] index.php?name=News&file=article&sid=5910
  [2] index.php?name=News&catid=&topic=12
  [3] http://www.webdentistry.com/GotoLink235.html