U.S. Congress
Allergan calls out Valeant on latest earnings report : The week in medtech M&A
Medtronic hires ex-Senators to lobby for Covidien deal
Congress moves to punish Medtronic and other ‘corporate deserters’
A handful of Democrats in Congress are hoping to curb a corporate exodus by threatening to withhold federal contracts from firms that shift their headquarters overseas to benefit from lower tax rates.
Edwards CEO talks innovation and regulation on Capitol Hill
Exclusive: IRS collected $1.4B in medtech excise tax payments in 2013
No more secrecy in medtech pricing, says Sen. King
(Transcript below)
Senator Angus King (I-Maine) has a new bill on the floor that he says will correct a fundamental imbalance in the medtech market, namely by imposing more pricing transparency on medical device makers.
Hatch bill to repeal medical device tax advances to Senate Finance
A bill aiming to repeal the medical device tax sponsored by Sen. Orrin Hatch (R-Utah) is before the Senate Finance Committee.
The bill was read in and sent to the finance panel Feb. 7, 2013. It would strike all references to the 2.3% excise tax on medical devices enacted as part of the Affordable Care Act from the federal tax code.*
Open letter to Obama: Repeal the medtech tax
President Barack Obama is slated next month to make a visit to one of the medical device industry’s primary hubs in Minnesota, and medtech advocates are hoping to use the occasion to emphasize efforts to repeal a 2.3% sales tax that hit the industry last year.
Obamacare architect Baucus spends last week in the Senate
This week marks Sen. Max Baucus’ (D-Mont.) last in the Senate as he embarks on a new role as U.S. ambassador to China, which may be good news for opponents of the medical device tax.
Senator cites ‘serious concerns,’ demands National Quality Forum records
by Marshall Allen, ProPublica
An influential senator is demanding copies of contracts and conflict-of-interest policies from the National Quality Forum after allegations that kickbacks were paid to influence its patient safety guidelines.