Four U.S. Senators yesterday wrote the FTC urging a probe into possible illegal saline price inflation of 200-300% since a shortage of the fluid began in late 2013. The letter, sent to FTC chairwoman Edith Ramirez, was signed by Conn. dem senator Richard Blumenthal, Minn. dem Amy Klobuchar and Utah reps. Mike Lee and Orrin […]
U.S. Senate
Senate bill would allow Medicare patients to self-pay for med devices
A new U.S. bill introduced by 4 senators would allow Medicare patients to self-pay for medical devices not fully covered by Medicare without dealing with a series of administrative hurdles. The bill, titled the Accelerating Innovations in Medicine Act, was sponsored by Sens. Rob Portman (R-Ohio), Michael Bennet (D-Colo.), John Thune (R-S.D.), and Martin Heinrich […]
FDA panel on aneurysm devices | Regulatory news for the week of April 27, 2015
Burr introduces fast-track FDA bill
A new Senate bill introduced yesterday would create a fast-track program at the FDA for breakthrough medical devices
The bill, S. 1077 or " A bill to provide for expedited development of and priority review for breakthrough devices," was sponsored by Sen. Richard Burr (R-N.C.) and co-sponsored by Sens. Orrin Hatch (R-Utah) and Michael Bennet (D-Colo.).
Analysis: Medtech gains on Wall Street and the Beltway with big GOP win
Bayh: Obama is open to repealing the medical device tax
House passes bill to repeal, refund medical device tax
Report: Schumer, Gillibrand want morcellators off the market
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.
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.
Senate Republicans block tax bill over medical device tax
Senate Republicans, infuriated over Democrats’ refusal to allow amendments to a bill that would extend some tax cuts, voted to block the tax extenders bill yesterday.