We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
Accept
  • SKIP TO CONTENT
  • SKIP NAVIGATION
  • Drug & Device Products
    • FDAnews Books Library
    • Events
    • Form 483s Database
    • Publications
    • Webinar Training Pass
    • eCFR and Guidances
    • Books
  • Clinical Products
  • Advertising
  • White Papers
  • Contact Us
  • About Us
  • COVID-19
  • Sign In
  • Create Account
  • Sign Out
  • My Account
Home » DEVICE INDUSTRY MAY BE HURTING ITSELF IN BID FOR TAX RELIEF, EXPERT SAYS

DEVICE INDUSTRY MAY BE HURTING ITSELF IN BID FOR TAX RELIEF, EXPERT SAYS

April 26, 2006

Recently proposed reductions in the Centers for Medicare & Medicaid Services' (CMS) reimbursement rates for hospital inpatient procedures on devices such as pacemakers have raised concerns for devicemakers. But those concerns may be misguided, an expert says.

The biggest risk to device manufacturers is not the recent reimbursement changes by the CMS, but the "judicial wars" between companies fighting to protect their patents, says Princeton economics professor Uwe Reinhardt. Reinhardt shared the stage with CMS Administrator Mark McClellan at the World Healthcare Congress held recently in Washington, D.C.

The device industry has brought risk upon itself by the constant stream of manufacturers suing each other, and by spending as much money on legal costs as it does on R&D, Reinhardt says. "The U.S. government is one of the most stable entities industry deals with."

"When we cover new technologies, we are also covering processes to find evidence" that they address the condition they target, and possibly other conditions," McClellan told conference attendees recently. "We seek to develop better evidence," he said.

While McClellan has touted the CMS' approach to implementing Medicare changes as a matter of "choice" and "value," Reinhardt expresses skepticism that the device industry will work to contain costs.

"Some of these technologies reduce costs, like stents, but in doing so they increase demand for the procedure, so more are used," he told FDAnews. "There is a difference between lower costs in treatment and overall annual health spending on such treatments."

(http://www.fdanews.com/ddl/33_17/)

KEYWORDS FDAnews Device Daily Bulletin

Upcoming Events

  • 08Sep

    Organizing Data and Document Archives: Finding a Needle in a Haystack for FDA Inspections

  • 15Sep

    Califf’s Post-PDUFA, Post-COVID FDA Agenda: Key Developments, Insights and Analysis

  • 20Sep

    Building a World-Class Pharmaceutical Advertising and Promotion Review Program

  • 21Sep

    The FDA’s Focus on Clinical Data Integrity Throughout Product Development and Approval

  • 22Sep

    FDA’s New Quality Management System Regulation: What the Proposed Harmonization with ISO 13485 Means for Devicemakers

  • 11Oct

    1st Annual Quality Management vSummit

Featured Products

  • FDA’s New Quality System Regulation: Transitioning from QSR to ISO 13485

    FDA’s New Quality System Regulation: Transitioning from QSR to ISO 13485

  • Selecting and Implementing Electronic Document Management Systems in the EU

    Selecting and Implementing Electronic Document Management Systems in the EU

Featured Stories

  • AngioDynamics Gets Expanded Clearance for Auryon Atherectomy System

  • Aura Biosciences Receives Fast Track Designation for Bladder Cancer Candidate

  • FDA Issues Update on Becton Dickinson’s Recall

  • FDA Grants Accelerated Approval to Enhertu for HER2-Mutant NSCLC

The Revised ICH E8: A Guide to New Clinical Trial Requirements

Learn More
  • Drug Products
    • Quality
    • Regulatory Affairs
    • GMPs
    • Inspections and Audits
    • Postmarket Safety
    • Submissions and Approvals
    • Research and Development
    • Commercial Operations
  • Device Products
    • Quality
    • Regulatory Affairs
    • QSR
    • Inspections and Audits
    • Postmarket Safety
    • Submissions and Approvals
    • Research and Development
    • Commercial Operations
  • Clinical Products
    • Trial Design
    • Data Integrity
    • GCP
    • Inspections and Audits
    • Transparency
  • Privacy Policy
  • Do Not Sell My Personal Information
Footer Logo

300 N. Washington St., Suite 200, Falls Church, VA 22046, USA

Phone 703.538.7600 – Toll free 888.838.5578

Copyright © 2022. All Rights Reserved. Design, CMS, Hosting & Web Development :: ePublishing