MDMA Board Unanimously Opposes Medical ...(device companies need to contribute cuts...),Health

Date:10/9/2009

device companies need to contribute cuts to help make up for the costs of expanding coverage. This is in addition to other elements of the bill, including the $155B in payment reduction to hospitals that will already adversely impact the medical device industry. Additionally, proposed cuts in the areas of imaging, durable medical equipment and clinical lab supplies are also included in the bill.

Furthermore, claims that the taxes levied on medical device companies will be offset due to an increased pool of insured beneficiaries receiving treatment are overstated. Since the majority of products impacted are used in acute care settings where there are legal obligations to treat a patient, the effect of expanded coverage is not likely to increase utilization. In fact, if the bill succeeds in improving the health of Americans, procedures and interventions will likely be reduced.

MDMA President and CEO Mark Leahey went on to state, "In the coming weeks our hundreds of member companies across the country will do all we can to communicate the detrimental impact this fee will have on achieving the long term objectives of health care reform. The bill should include provisions that promote innovation and improve patient care, not harm the system."

MDMA is a national trade association representing innovative small and mid-size medical technology companies. Our hundreds of member companies across 36 states seek to promote policies that provide patients and clinicians with timely access to safe and effective products.

SOURCE Medical Device Manufacturers Association

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SOURCE Medical Device Manufacturers Association Copyright©2009 PR Newswire. All rights reserved

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