Opinion: The myth of the medical-device tax
In the last few days of negotiations in Congress, repeal of the Affordable Care Act's tax on medical devices emerged as a key Republican demand. The medical-device industry waged an intense lobbying campaign — even garnering the support of many Democrats who favored the law — arguing that the tax would stifle innovation and increase health care costs. This argument is doubly disingenuous. Not only can the medical-device industry easily afford the tax without compromising innovation, but the industry's enormous profits are a result of anticompetitive practices that themselves drive up medical-device costs unnecessarily. The tax is a distraction from reforms to the industry that are urgently needed to lower health care costs.
- Anthem Blue Cross, 7 CA Health Systems Create New Challenger, Business Model
- Data Points to Boom in Private HIX
- Few Winners Among MSSP Participants
- Technology Lights Up Health Innovation Forum
- EHR Systems 'Immature, Costly,' AMA Says
- Interstate Medical Licensure Effort Advances
- Hospitals and doctors fail patients by passing the buck on insurance rules
- A new way insurers are shifting costs to the sick
- NCQA Releases Annual Health Plan Rankings
- Malnourishment 'Epidemic' Plagues Hospitals? Really?