How the PATH Act Affects the Medical Industry

By CME on Jun 21, 2016 9:00:00 AM
A Two-Year Moratorium on the Medical Device Excise Tax

The PATH Act refers to a law signed by President Obama called the "Protecting Americans from Tax Hike" Act of 2015. Also known as the Consolidated Appropriations Act 2016, the law was signed on Dec. 18, 2015, and calls for a two-year moratorium on the medical device excise tax from January 1, 2016, to December 31, 2017.  This moratorium will temporarily remove the 2.3 percent excise tax hike currently paid by manufacturers and importers of medical equipment sold in the United States.

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