As shutdown wears on, Advamed continues its push to end the medical device excise tax through a targeted ad campaign that will run through Oct. 17 in the Beltway, placed in such media as Politico. (See right for one of the ads–note the U.S. Chamber of Commerce is one of the supporters.) “First and foremost […]
The same day Sen. Dick Durbin (D-Illinois) told CNN a compromise on the medical device excise tax could be a likely answer to government shutdown, Rep. Steny Hoyer (D-Maryland) said just the opposite to TheHill.com. The takeaway from Durbin on CNN: We can work on something, I believe, on the medical device tax. That was […]
Munck Wilson Mandala Partner Greg Howison shared his perspective on some of the legal ramifications around AI, IP, connected devices and the data they generate, in response to emailed questions.
The Senate voted to kill the House amendments that would delay Obamacare and fund the government in a vote 54-46. Indiana is a good example of the division of the country on Obamacare, with the medical device excise tax at the heart of the matter. Both Sen. Dan Coats (R) and Sen. Joe Donnelly (D) […]
The medical device excise tax repeal is on the table as part of a government shutdown deal, along with a delay of Obamacare. If this bill doesn’t go through as is (and it seems that it won’t), here are two other potential legislative routes that could be taken to get the device excise tax repealed. […]
The shining moment for a potential medical device excise tax repeal could come on the heels of the Obamacare-debt ceiling bill. If the medical device tax is in fact repealed as part of the debt ceiling deal Congress pushes through (or doesn’t), Paul Keckley, the former Executive Director of the Deloitte Center for Health Solutions, […]
In case you missed the weekend's political posturing, the U.S. Senate will Monday likely reject a new House bill passed on Saturday that ties the passage of a new federal budget with one-year delay of Obamacare healthcare reform and the elimination of the medical device excise tax.
At the Abarca Forward conference earlier this year, George Van Antwerp, managing director at Deloitte, discussed how social determinants of health and a personalized member experience can improve medication adherence and health outcomes.
Nine months after the medical device excise tax provisions of the Affordable Care Act went into effect, I have some bad news for any medical device companies that have been ignoring the tax in hopes of a repeal of the law: it’s well past time to bite the bullet. My advice to business owners now […]
What with the medical device tax and regulatory hurdles, there is a lot of medical device startups are contemplating beginning business in Europe. But before you leap, look. Is America or Europe right for your company? Here are four tips to mull over from two CEOs who lead startups that have a strong European presence. […]
If you are a proud new life sciences startup owner, founder, employee or, hey, even that guy tinkering with an idea in his basement, you need to be reading Steve Blank‘s “Reinventing Life Science Startups” series on LinkedIn. Blank has been part of eight Silicon Valley startups, teaches entrepreneurship at several universities and is a board […]
In a rough U.S. economy, the NYTimes showed why medical tourism isn’t crazy: it can be just as efficient as American healthcare and jaw-droppingly cheaper–much in thanks to the device industry. A recent New York Times post makes a case for greed on the part of device makers, particularly the ones that make joint replacements. […]
Gabby Everett, the site director for BioLabs Pegasus Park, offered a tour of the space and shared some examples of why early-stage life science companies should choose North Texas.
Sen. Dan Coats (R-Ind.) has taken to the newspapers, but instead of crying “Extra! Extra!” sounds the call of “Too much is enough.” Unsurprisingly, Coats, who opposes Obamacare (he’s the guy who introduced a bill to defund the program if it doesn’t meet its deadline), has been a large proponent for the repeal of the […]
Medical device industry professionals have been asked to remember and apply that aphorism their grandmothers said about a little thank you going a long way in the campaign to kill the device tax. Though the Senate voted to repeal the medical device excise tax more than four months ago, last week, Joe Hage, the leader […]
As MITA, AdvaMed and the MDMA announced July 15 that medical device manufacturers have already passed the $1 billion-dollar mark in medical device excise tax payments, business leaders from startups to the old hats said it will affect jobs, U.S. growth in the industry and patient care. Cuts have to be made somewhere, and that […]
Sen. Max Baucus (D-Mont.) is calling it quits at the end of next year. Brian Johnson at MassDevice examines the opportunity this offers enemies of the device tax. Apparently there are rich people in Montana but no medical device manufacturers. Baucus couldn’t bring himself to tax high earners, but as he thought device makers would […]
A new Silicon Valley Bank report on the medical device tax has more bright spots than you would expect. Executives from device companies seem to feel optimistic, even though they expect the tax to delay profitability.