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Study Shows Declining Prices For Major Implantable Devices
Date:9/23/2013

ercent for the overall CPI and 4.7 percent for the Medical Care CPI. It's important to note that spending on advanced medical technology makes up a consistently small and stable 6 percent of national health expenditures," Ubl said.

"Even as innovation and job creation in the industry remain under threat from the medical device tax and repeated reimbursement cuts impacting diagnostic lab tests, imaging services and durable medical equipment in particular, old-fashioned competition continues to ensure the strong value proposition of advanced medical technologies that save lives and improve patients' quality of life every day.

"We look forward to sharing the results of this new study with members of Congress and other policymakers as they consider changes to the health care delivery and payment system," Ubl said.

AdvaMed member companies produce the medical devices, diagnostic products and health information systems that are transforming health care through earlier disease detection, less invasive procedures and more effective treatments. AdvaMed members range from the largest to the smallest medical technology innovators and companies. For more information, visit www.advamed.org.


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SOURCE Advanced Medical Technology Association (AdvaMed)
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