Analysts: Device companies already absorbed excise tax | On Call On Call

MASSDEVICE.COM ON CALL — Many medical device companies have long petitioned for a repeal of the 2.3% excise tax on U.S. sales, but analysts say medtech companies have already managed to absorb the tax without taking a hit to the bottom line or jacking up costs for consumers.

Seven months into the tax, companies are instead coping by making layoffs, freezing salaries and restructuring. Many large medical device companies have landed headlines with exhaustive restructuring plans and sweeping layoffs.

An industry analysts from Bloomberg said experts agree the larger medical device companies will restructure rather than take suffer losses, according to The Morning Call.

 Brigham cardiac surgeon quits after road rage at Logan Airport
 Dr. Robert Rizzo, head of Brigham & Women’s Cape Cod Hospital cardiac surgery program, resigned in the wake of assault and battery charges. The troubles began for Rizzo last month as he waited to pick up his wife at Logan Airport, where he ran afoul of a Mass. state trooper, allegedly running over the trooper’s foot with his car.

The cardiologist drove off and was soon arrested in the Ted Williams Tunnel. Rizzo, who launched the open-heart surgery program at the Hyannis, Mass., hospital in 2002, quit both his position at the Brigham and at the Cape Cod hospital.
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 Circumcision costs $2,110 at 1 hospital and $235 across town

A pediatrician in Anchorage calls the $2,110 price tag for a circumcision at Alaska Regional Hospital "wildly abnormal"
and is rallying 2 groups of pediatric physicians to stop conducting the simple procedure there. Across town, at Providence Hospital, a circumcision costs $250. Dr. Charles Ryan said the physicians in his group were quick to move their circumcision procedures into private offices after learning about the hefty bills to patients.
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 A new app to move patients up on an organ transplant list

OrganJet Corp., a Weston, Mass.-based company, recently released an app that will help patients find a better spot in line for an organ transplant. In states like New Jersey, California, and Massachusetts, patients sometimes wait up to 5 years for an transplant, but other states have significantly shorter lists. The free OrganJet app matches patients with organ lists in nearby geographic regions so they can more affordably relocate and cut their wait time on the organ transplant list.
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 Obamacare covers millions of uninsured young Americans

Out of the 15 million young Americans who enrolled in
parent’s healthcare plans last year, 7.8 million would not have been able to afford other insurance coverage, according to a new survey from the Commonwealth Fund. Contrary to popular belief, the survey found that a majority of young adults will choose to be insured if affordable. Only 5% said they would turn down employer-based coverage because they felt they didn’t need it. Commonwealth Fund VP Sara Collins said it is a myth that young adults are callous about healthcare coverage; rather, they value insurance but often cannot afford it.
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RSS From Medical Design & Outsourcing

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  • Strong Precision Technologies’ medical divisions to unify under MedTorque brand
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  • Should scientists be allowed to genetically alter human embryos?
    Scientists have at their disposal, a way to explore the possible prevention of genetic diseases before birth. But should they? Currently, the most promising path forward involves editing the genes of human embryos, a procedure threaded with controversy. An article in “Chemical & Engineering News” (C&EN), the weekly newsmagazine of the American Chemical Society (ACS), parses […]
  • Tackling chronic sinusitis by addressing underlying factors
    The stuffy noses and sinus pressure of head colds are uncomfortable, but for most people, they go away within days. For those with chronic sinusitis, however, those symptoms and others drag on for weeks. Now scientists are onto a potential new therapy that could address one of the underlying factors associated with the condition. They […]
  • Implantable “artificial pancreas” could help diabetes patients control their blood sugar
    Living with Type 1 diabetes requires constant monitoring of blood sugar levels and injecting insulin daily. Now scientists are reporting in the American Chemical Society (ACS) journal, “Industrial & Engineering Chemistry Research,” the development of an implantable “artificial pancreas” that continuously measures a person’s blood sugar or glucose level and can automatically release insulin as […]
  • Drug Deactivation program roll out to all facilities for safe disposal of unused prescription medications
    Verde Technologies announced that New Brighton-based Meridian Behavioral Health, the largest for-profit substance abuse and addiction treatment group in Minnesota, has become its most recent partner in the deactivation and safe disposal of prescription medications including methadone. Meridian is the first behavioral health group to roll out the Deterra Drug Deactivation System to all 17 […]
  • Lophius Biosciences introduces T-activated ImmunoScan Cocktail
    Lophius Biosciences announced the commercial launch of T-Track ImmunoScan and T-activated ImmunoScan Cocktail. Based on a proprietary and very specific cocktail of stimulants in combination with the Company’s T-activation technology, T-Track ImmunoScan and T-activated ImmunoScan Cocktail specifically target different cell types involved in both the adaptive and innate immune system. T-Track ImmunoScan and the T-activated […]

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