House committee votes to eliminate IPAB, medical device tax

The U.S. House Ways and Means Committee passed bills that would repeal a 2.3% excise tax on medical devices and eliminate the Independent Payment Advisory Board established in the Affordable Care Act. The committee voted 25-14 in favor of the Protect Medical Innovation Act (H.R. 160), which is the medical device tax bill, and 31-8 to pass the Protecting Seniors' Access to Medicare Act (see BioCentury Extra, June 7, 2012). ...