Navigation Links
Biotech Group Warns Proposed Medicare Cuts Could Hurt Critical Sector of New England Economy
Date:7/28/2011

WAKEFIELD, Mass. July 28, 2011 /PRNewswire/ -- As the fight over deficit reform continues to drag on in Washington, the New England Biotech Association (NEBA) is urging lawmakers from across the region to fight to save a critical sector of the New England economy and ensure it doesn't become a victim of short-sighted cuts.

"Proposed cuts to Medicare not only reduce options for treatment and medications available to seniors, but would require seniors to pay more for less coverage," said NEBA Chairman Paul Pescatello.   "The biopharmaceutical industry in New England brings in jobs and research dollars, so we need our federal representatives to stand up now and fight against drastic Medicare cuts that will hurt the industry and its search for miracle cures."  

"While the growing federal deficit is certainly a threat to our economy, many of the proposed Medicare cuts would be devastating to the millions of Americans counting on that coverage in the coming years and to biotech jobs in our region," said Pescatello.  "Discussion about importing price controls into Medicare is especially distressing, as it will reduce competition, stifle development, and lead to poorer treatment quality for seniors."

Pescatello noted that more than a hundred members of Congress, including U.S. representative Frank Guinta (R-NH) and Charles Bass (R-NH) have written to Secretary of Health and Human Services Kathleen Sebelius urging her to protect Medicare Part D, which provides a competitive marketplace for private prescription drug insurance and provides pricing competition.

About NEBA:

Representing over 600 members from all six New England states, NEBA is committed to educating policy makers and the public about the biotech industry; promoting public policies that foster innovation; encouraging economic development in the biotech sector; and advocating continued patient access to life-saving and life-improving breakthrough biotechnology medicines.  

To find out more about NEBA, visit www.newenglandbiotech.org.


'/>"/>
SOURCE New England Biotech Association
Copyright©2010 PR Newswire.
All rights reserved

Related biology technology :

1. TriLink BioTechnologies, Inc. Announces License Agreement with Lucigen Corporation
2. Robin Powell Becomes President at Biotech Leader Divine Skin (DSKX)
3. FDA Issues Complete Response Letter to Janssen Biotech, Inc. for SIMPONI® Supplemental Biologic License Application
4. Summer Street Research Announces Expansion of Research Team with the Addition of Ling Wang, CFA, Senior Biotechnology Analyst
5. Industrial Biotechnology China News 1106
6. Phalanx Biotech Group Launches Rice Genome OneArray®
7. Axial Biotech Signs Agreement With Shriners Hospital for Children
8. Alacrita Asks "Are We All Biotech Now?"
9. Wound Management Technologies Webcasting Live from OneMedForum NY Biotech Conference on Thursday, June 23 at 10 am EDT
10. Reportlinker Adds White Biotechnology
11. New Jersey Targets Life-Sciences Investors at Worlds Largest Biotechnology Event
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/11/2017)... (PRWEB) , ... October 11, 2017 , ... ... pathology, announced today it will be hosting a Webinar titled, “Pathology is going ... Pathology Associates , on digital pathology adoption best practices and how Proscia improves ...
(Date:10/11/2017)... ... October 11, 2017 , ... A new ... rates in frozen and fresh in vitro fertilization (IVF) transfer cycles. ... to IVF success. , After comparing the results from the fresh and frozen ...
(Date:10/10/2017)... ... October 10, 2017 , ... ... FirstHand program has won a US2020 STEM Mentoring Award. Representatives of the FirstHand ... Excellence in Volunteer Experience from US2020. , US2020’s mission is to change the ...
(Date:10/10/2017)... SANTA BARBARA, CALIFORNIA (PRWEB) , ... October 10, ... ... risk management, technological innovation and business process optimization firm for the life sciences ... the BoxWorks conference in San Francisco. , The presentation, “Automating GxP ...
Breaking Biology Technology:
(Date:4/13/2017)... April 13, 2017 UBM,s Advanced Design and ... will feature emerging and evolving technology through its 3D ... will run alongside the expo portion of the event ... and demonstrations focused on trending topics within 3D printing ... and manufacturing event will take place June 13-15, 2017 at ...
(Date:4/11/2017)... -- Research and Markets has announced the addition of ... offering. ... market to grow at a CAGR of 30.37% during the period ... has been prepared based on an in-depth market analysis with inputs ... growth prospects over the coming years. The report also includes a ...
(Date:4/6/2017)... Forecasts by Product Type (EAC), ... End-Use (Transportation & Logistics, Government & Public Sector, Utilities ... Generation Facility, Nuclear Power), Industrial, Retail, Business Organisation (BFSI), ... you looking for a definitive report on the $27.9bn ... ...
Breaking Biology News(10 mins):