Graham-Cassidy a Mixed Bag for Medical Device Industry
By a
The global device market nears 400 billion-dollars and the
"This isn't an industry that follows the
The bill has a number of functions that repeal fundamental Affordable Care Act functions but leave a few elements in place. It would allow states to 'block grant' Medicaid funding - receive funding and spend as they decide with requirement to fund disabled individuals. Allow states to institute a work requirement for receiving Medicaid funding, except for pregnant or disabled individuals. The bill would also repeal the individual mandate and penalties associated, lower standards for mandating coverage of pre-existing conditions, allow more than double the maximum contributions to HSAs and allow the purchase of catastrophic plans with high deductibles and few benefits.
And most notably for the industry, it would repeal the medical device tax, while keeping in place other taxes, such as those on insurance companies.
The tax remains a huge issue for medical device industries, especially as a
But when it comes to packaging repeal with other larger programs, statements are more nuanced. The statement of leading groups supportive of the previous Obamacare repeal attempts speak to the tax portion only. The president of the
With specific ACA areas not relating to the device tax, such as Accountable Care Organizations (ACOs), criticism is more nuanced. AdvaMed has argued for "additional patient care safeguards" on ACOs - especially provisions that might penalizing them buying expensive devices, but the group has not called for outright repeal.
"I think for the industry, they want the repeal of the device tax but it's possible they could get it outside a reform bill because there's so much bipartisan support for that isolated component," Carlson said.
Cassidy-Graham is not the number one issue on the medical device industry's radar, according to Kalorama Information. Local coverage determinations to see that payment decisions are decentralized, user fees, where they won a big victory with the signing of the recent MDUFMA bill but will want to keep that in place, speeding up approval times and reforming the
Kalorama Information covers medical devices, with a particular emphasis on in vitro diagnostic devices. Device reports are available at https://www.kaloramainformation.com/medical-devices-market-c1126/.
Keywords for this news article include: Hospital, Medicaid, Health Policy, Affordable Care Act, Kalorama Information.
Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2017, NewsRx LLC
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