Although the number of hip and knee replacements could double by 2016, the recession is currently curbing demand and the health reform bill just passed by the Senate Finance Committee would levy up to $40 billion in new taxes on the industry over the next decade, according to a feature on the industry in USA Today.
While drug-makers have agreed to an $80 billion in fees and hospitals agreed to a $155 billion cut in Medicare reimbursements over the next decade as part of health reform, device-makers did not cooperate with the finance committee and the committee chose the payment level without negotiating with the industry.
Now the device industry is engaged in an extensive campaign to have the fee removed from the legislation.
Read USA Today’s feature on the orthopedic device industry.
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