Implications of health reform for the medical technology industry.
Health care reform will greatly affect the medical technology industry in both positive and negative ways. Expanded coverage is a modest benefit that will increase demand for products. But the medical device excise tax authorized by the Patient Protection and Affordable Care Act could have negative effects on research, profits, and investments. Moreover, limits on Medicare payments could reduce revenues. The largest long-term impact on medical technology will come from measures to improve quality and efficiency. These could improve the health care system and increase opportunities for medical technology, but inappropriate implementation could slow medical progress and limit patients' access to needed care.
Nexon
David
D
AdvaMed, in Washington, DC, USA. DNexon@AdvaMed.org
Ubl
Stephen J
SJ
D004059:Diffusion of Innovation; D018166:Health Care Reform / Q000331:legislation & jurisprudence*; D006297:Health Services Accessibility; D006801:Humans; D007449:Investments; D013677:Medical Laboratory Science / Q000191:economics* / Q000592:standards; D058991:Patient Protection and Affordable Care Act / Q000331:legislation & jurisprudence*; D011785:Quality Assurance, Health Care / Q000592:standards*; D013660:Taxes; D014481:United States