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AdvaMed Reaction to the President's Proposed FY2014 Budget
WASHINGTON, D.C. –Stephen J. Ubl, president and CEO of the Advanced Medical Technology Association (AdvaMed), issued the following statement today in response to the release of the President’s proposed Fiscal Year 2014 Budget:
“AdvaMed is carefully examining the Administration’s budget proposal for its impact on medical technology companies and the patients they serve. While we appreciate the need to address the deficit, the medical technology sector has already borne the brunt of significant reimbursement cuts and the $30 billion device tax.
“We are deeply concerned that some of the policy proposals in the budget such as reductions in payments for clinical lab services and for durable medical equipment in Medicaid and, if adopted, unprecedented prior authorization for advanced imaging, will chill continued medical innovation affecting current and future Medicare beneficiaries as well as significantly harm access to life-saving, life-enhancing medical technology.
“We look forward to discussing these issues with the Congress and the Administration to find constructive solutions as consideration of the budget moves forward.”
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.