dismiss

Clean Sweep Live Auction on Wed. May 1st. Click to view the full inventory

DOTmed Home MRI Oncology Ultrasound Molecular Imaging X-Ray Cardiology Health IT Business Affairs
News Home Parts & Service Operating Room CT Women's Health Proton Therapy Endoscopy HTMs Pediatrics
SEARCH
Current Location:
>
> This Story


Log in or Register to rate this News Story
Forward Printable StoryPrint Comment
advertisement

 

advertisement

 

More Industry Headlines

Peeling back the Medicare Advantage onion Understanding the high growth rate of MA plan coverage

New 'roadmap' paves the way for AI innovations in radiology Aims to advance foundational AI research for imaging

FDA finds duodenoscope contamination risk still too high Up to 5.4 percent of properly collected samples has 'high concern' organisms

Israeli researchers develop first 3D heart from patient's biological materials A first — complete with blood vessels, ventricles and cells

Air medical transportation: How a 15-minute ride may cost $30,000, and how we can change it Reducing sky-high transport expenses

Using comic illustrations to support patient understanding of cardiac catheterization Making patients more satisfied, less anxious and more informed

X-ray sheds new light on ancient mummy The Everhart Museum in PA tapped Geisinger Radiology for help

Breaking barriers in Alzheimer’s disease with focused ultrasound Researchers at Sunnybrook in Toronto are closing the therapeutic gap

HHS releases second draft of TEFCA for nationwide interoperability Requirements for sharing electronic health information

Improving surgical outcomes by imaging head and neck tumors in real time Researchers use tech developed by Perimeter Medical Imaging

Gingrich calls for
more medical device
price transparency.

Gingrich calls for medical device price transparency

by Brendon Nafziger , DOTmed News Associate Editor
Only Newt Gingrich knows if he intends to run for president on the Republican ticket next year. But the former speaker of the House has entered the medical device price transparency wars with an op-ed calling for Congress to ban exclusivity agreements between device makers and hospitals that accept Medicare or Medicaid.

In a syndicated column last week, Gingrich said that the lack of price transparency for medical devices was contributing to the "insolvency" of the government-run health programs.

Story Continues Below Advertisement

Servicing GE Nuclear Medicine equipment with OEM trained engineers

We offer full service contracts, PM contracts, rapid response, time and material,camera relocation. Nuclear medicine equipment service provider since 1975. Click or call now for more information 800 96 NUMED



The potential 2012 presidential contender said medical devices, such as hip implants and stents, are one of the few areas of U.S. health care where the prices aren't publicly available, and that the federal government and consumers can't know if prices have been marked up "hundreds of percentage points."

Medical device manufacturers often require hospitals to sign confidentiality agreements preventing them from revealing the price they paid for medical devices, Gingrich said, making "true price competition in the $153 billion medical-device marketplace impossible."

"Today we can shop -- often online -- and compare the price of a new car or a month's supply of blood pressure medication or a pair of blue jeans," Gingrich wrote. "We also, as health care consumers, can determine whether a generic drug or a brand name best serves our needs. But we are barred from comparing the quality, medical outcomes or price of an artificial hip or knee."

Gingrich, who is rumored to be announcing his presidential bid as early as this week, cited a 2009 report from the consulting firm McKinsey Global Institute that found hip implants cost 60 percent more in the United States than in the United Kingdom, Germany, France and Italy because of the lack of pricing transparency.

A 2007 bill introduced by the Republican Senators Charles Grassley, from Iowa, and Arlen Specter, from Pennsylvania, that would have required makers of implantable devices to report sales data to the government, fizzled in Congress.

The call for price transparency comes as Gingrich, who founded the think tank the Center for Health Transformation, tries to position himself as something of a health care policy wonk. At a Brookings Institution talk on medical innovation a little over a week ago, Gingrich argued for finding ways to speed up getting advanced medical products to market, such as allowing the Food and Drug Administration to grant conditional approvals.

Related:


You Must Be Logged In To Post A Comment

Advertise
Increase Your
Brand Awareness
Auctions + Private Sales
Get The
Best Price
Buy Equipment/Parts
Find The
Lowest Price
Daily News
Read The
Latest News
Directory
Browse All
DOTmed Users
Ethics on DOTmed
View Our
Ethics Program
Gold Parts Vendor Program
Receive PH
Requests
Gold Service Dealer Program
Receive RFP/PS
Requests
Healthcare Providers
See all
HCP Tools
Jobs/Training
Find/Fill
A Job
Parts Hunter +EasyPay
Get Parts
Quotes
Recently Certified
View Recently
Certified Users
Recently Rated
View Recently
Certified Users
Rental Central
Rent Equipment
For Less
Sell Equipment/Parts
Get The
Most Money
Service Technicians Forum
Find Help
And Advice
Simple RFP
Get Equipment
Quotes
Virtual Trade Show
Find Service
For Equipment
Access and use of this site is subject to the terms and conditions of our LEGAL NOTICE & PRIVACY NOTICE
Property of and Proprietary to DOTmed.com, Inc. Copyright ©2001-2019 DOTmed.com, Inc.
ALL RIGHTS RESERVED