GOP reportedly near completion of new healthcare bill – but support is split

Republican lawmakers are closing in on a new healthcare bill that would start dismantling and replacing Obamacare, according to a report from The Hill. Freedom Caucus chair Rep. Mark Meadows (R-N.C.) and moderate Tuesday Group co-chair Rep. Tom MacArther (R-N.J.) are brokering the compromised piece, according to the report. The revised plan would reportedly allow

The top medtech stories of early 2017

The new Trump administration and Republican Congress – and all the accompanying change and uncertainty –is the major story for the medical device industry. But there are many other medtech stories worth noting from the first quarter of 2017. There was an FDA warning over Abbott’s Absorb bioresorbable stent, a continued spate of M&A deals, a

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House GOP healthcare plan would kill the medical device tax

Brad Perriello, Executive Editor A plan to repeal and replace the Affordable Care Act floated by Republicans yesterday – which critics have already dubbed “Trumpcare” or “Obamacare Lite” – would permanently repeal the medical device tax effective Jan. 1, 2018. A hold on the 2.3% tax on U.S. medical device sales went into effect at the beginning

Details emerge on plan to repeal, replace Obamacare

Brad Perriello, Executive Editor The evolving Republican plan to repeal and replace Obamacare would repeal cuts in payments to hospitals treating large numbers of uninsured patients, repeal the penalties for individuals and employers who don’t have or offer coverage and unwind changes to Medicaid made by the Affordable Care Act, according to a GOP policy paper issued yesterday. The

Donald Trump: What medtech’s top executives are saying

For the most part, the medical device industry’s top executives have sounded positive about the new Trump administration and Republican Congress during recent earnings calls with analysts. Some such as Johnson & Johnson CEO Alex Gorsky have even offered advice. And while there are many open questions, top executives insist potential repeal and replace of

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Trump and medtech: What people in the industry think

Many MDO and MassDevice readers think permanent medical device tax repeal should be a top priority for President Donald Trump and the Republican Congress. Many say the new administration will be good for medtech, too. Those were two of the major takeaways among nearly 100 MDO and MassDevice readers responding to an online survey. There are

Value-based healthcare is here to stay, and it will change everything you do

Heather Thompson, MDO Senior Editor The Affordable Care Act has received a lot of attention, but there’s a lesser-known and equally monumental bit of legislation called the Medicare Access & CHIP Reauthorization Act (MACRA). It establishes a quality payment program that requires physicians and hospitals to participate in a merit-based incentive payment system (MIPS) and

Healthcare industry braces for change on Trump’s executive order

President Donald Trump signed an executive order on Friday that could scale back enforcement of some provisions of the Affordable Care Act, also called Obamacare, and analysts warned that shares of hospitals and Medicaid providers could face new pressure as fears over losing coverage grow. President Trump wrote that government departments should “waive, defer, grant

Donald Trump: 5 questions medtech needs to ask

From tax breaks to Obamacare repeal, medtech companies are likely due to experience major changes under President Donald Trump. The situation, though, remains unpredictable. “I don’t think that there has been a scenario, not since I’ve been a professional and in politics, where we really know so little about exactly what the key priorities are

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Trump’s HHS pick defends ACA repeal and replacement

President-elect Donald Trump’s nominee for Health and Human Services Department secretary—Rep. Tom Price (R-Ga.)—maintained during a Senate committee hearing on Wednesday that the incoming administration wants to make sure everyone still has access to health insurance after an ACA repeal. But Price also presented a radically different version from the Obama administration when it comes to

The ACA is going to die: Why is medtech so quiet?

Some major medical device industry lobbying groups are staying mum for now about the expected repeal of the U.S. Affordable Care Act—even though an extensive overhaul of the national healthcare system would have a serious impact on medtech. With so much unpredictability around how the incoming Trump administration and the new Republican Congress will replace