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AdvaMed Commends APEC Focus On Health
Beijing, China – Stephen J. Ubl, president and CEO of the Advanced Medical Technology Association (AdvaMed), today released the following statement in response to the Asia-Pacific Economic Cooperation (APEC) forum’s Joint Ministerial Statement and Leaders’ Declaration at the conclusion of the Nov. 9-10 APEC CEO Summit in Beijing, China:
“AdvaMed commends APEC ministers and leaders for their attention to the relationship between health and economic prosperity, including increased focus on the importance of healthy workforces, as well as APEC’s continued commitment to ensuring ethical business environments that support sustainable economic growth.
“APEC’s focus on healthy workforces and adoption of the related Healthy Asia Pacific 2020 framework for future progress come as rising rates of chronic disease are posing new burdens for business, society and governments through increased health costs, reduced worker productivity and diminished economic competitiveness.
“A recent study projected the annual cost of chronic illness by 2030 in six APEC nations, in terms of lost gross domestic product (GDP), would include 4.3 percent in China; 5.5 percent in the U.S.; 5.8 percent in the Philippines; 4.9 percent in Australia; 6.1 percent in Malaysia; and 5.4 percent in Peru. These results show we must work as employers and with our partners in government toward greater investment in healthy, productive workforces to help power economic growth.
“Advanced medical devices and diagnostics are helping to solve these challenges. Over the last 30 years in the U.S., advanced medical technologies have helped cut the number of days people spent in hospitals by 59 percent while adding five years to life expectancy and reducing fatalities from heart disease and stroke by more than half.
“Healthy environments, preventive health care efforts, health literacy, early diagnosis and interventions, and safe and effective treatments and cures, help people live longer, healthier and more productive lives that will contribute to sustainable economic growth.
“AdvaMed also applauds the substantial progress made in the APEC forum on business ethics, which began in 2010. As a result of this effort, 15 medical device associations covering almost 7,000 medical technology firms across nine APEC economies have adopted codes of ethics for interactions between companies and health care professionals.
“We are proud to have supported this effort from the very beginning, working in partnership with government, industry and health care providers. In Beijing this month, APEC ministers endorsed continued progress – including the goal of universal adoption of codes of ethics across the APEC region by 2020. We strongly support this goal.
“AdvaMed also looks forward to working with the Philippines as the 2015 APEC host economy, and all interested partners, to translate the Healthy Asia Pacific 2020 framework into actionable recommendations.”
The annual APEC CEO Summit brings together government and business leaders from the 21 APEC economies to discuss a range of issues with the aim of expanding economic ties that support sustainable growth and prosperity in the Asia Pacific region.
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AdvaMed member companies produce the medical devices, diagnostic products and health information systems that are transforming health care through earlier disease detection, less invasive procedures and more effective treatments. AdvaMed members range from the largest to the smallest medical technology innovators and companies. For more information, visit www.advamed.org.