Eleventh-Hour Lobbying Campaigns Hope To Lower Costs To Medical Device Industry

Medical News Today -- As the Senate Finance Committee finalizes its health reform proposal, medical-device makers are hoping to convince lawmakers to make one last change, The Wall Street Journal reports. “The Advanced Medical Technology Association, or AdvaMed, the trade group for the larger device manufacturers, wants [Committee Chair Max Baucus of Montana] to reduce $40 billion in fees over the next decade to $15 billion, according to people close to the negotiations. But industry was told that offer is too low. As of Sunday, the final draft included the higher number.” An AdvaMed spokeswoman said those details of the negotiations were “rumor and speculations.” Votes on the bill could come as early as Tuesday. The White House supported the fees in earlier negotiations.

MORE ON THIS TOPIC