Health subsidies vs. med-tech tax

U.S. House Republicans are proposing to trim health insurance subsidies for low- and middle-income taxpayers to pay for a bill sponsored by Minnesota Republican Erik Paulsen that would repeal a new tax on medical device makers under President Obama's healthcare overhaul. The $43.9 billion plan would "recapture" overpayments under a new health insurance tax credit to offset the estimated $29 billion in revenue that would be lost over the next decade by repealing the medical device tax. The repeal of that tax is a top priority for Minnesota's large medical technology industry.