Paulsen Post: Update on Medical Device Repeal and Health Savings Account Flexibility

by U.S. Congressman Erik Paulsen

This week, I joined the Hugh Hewitt radio show to discuss the importance of repealing the medical device tax. 

For over two months, Minnesota medical device innovators have had to pay bi-monthly installments of a new $30 billion tax on their sales (not profit). That means more layoffs and cutbacks in R&D investment as these dynamic job creators are forced to prioritize paying the tax above employing talented workers and investing in new technologies and treatments.

This new tax threatens many of the 400 Minnesota device innovators who provide jobs for 35,000 of our neighbors, friends, and family members. 

Listen to my radio interview HERE

In my latest Erik’s Correspondence Corner, I answered a question from Christine in Coon Rapids, who called me to share her concerns about new restrictions on how consumers may utilize their health savings accounts (HSA) and flexible spending accounts (FSA). I also heard from many others, including Robert in Eden Prairie and Ann in Chanhassen, who expressed their thoughts on the budget.