Legislation Would Require Quarterly Price Disclosures Of Medical Devices
Republican Sens. Arlen Specter (Pa.) and Chuck Grassley (Iowa) on Tuesday introduced a bill (S 2221)that would require medical device manufactures to file quarterlyreports on the average prices of all implantable medical devices soldfor inpatient and outpatient procedures, CQ HealthBeat reports.
Grassleysaid, "Without any available information on fair prices for medicaldevices, hospitals are involved in one-sided negotiations with devicemanufacturers," adding, "Some hospitals are paying a lot more thanothers for the same medical device. That means health care dollarsaren't being spent wisely." Specter said, "The legislation sends amessage to medical device suppliers that if they want to do businesswith the federal government, they have to show us their prices."
A spokesperson for the Advanced Medical Technology Association,the largest lobby group for medical device makers, said the associationis reviewing the legislation. The spokesperson added that underprinciples on transparency adopted by the group, such proposals shouldbe based on accurate and timely data, and "reflect the complexity ofthe procedures and services available" (CQ HealthBeat, 10/24).
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