tci Medicare Compliance & Reimbursement - 2008 Issue 13

Legislation: Mandatory Price Disclosure Bill Might Increase Costs

Medical technology bill is unlikely to benefit patients or hospitals, experts say Pending congressional legislation that would impose a mandatory disclosure of prices for certain medical technologies might result in increased prices. This legislation would also offer "no tangible benefits to the patients" states a new study published on the Criterion Economics Web site. The study, which examines the prospective economic impacts of the Transparency in Medical Device Pricing Act of 2007 (S. 2221), was undertaken by Robert W. Hahn, executive director, Reg-Markets Center and senior fellow at the American Enterprise Institute, and Hal J. Singer, president of Criterion...

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