Billions Of Dollars Of US Device Sales At Stake From Medicare For All Bills, GOP Members Say
A Republican congressman at a recent House hearing said that billions of dollars of medical device sales would be legislated out of existence by Medicare for All Act legislation, while Democrats argued that health care costs borne by US employers and employees already gobble up 18% of US gross domestic product, and adoption of a single-payer would lower these costs.
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In an address to the National Press Club on 10 May, former FDA Commissioner Scott Gottlieb pointed to some of the challenges that CMS would face in supplying coverage for new technology, should a "Medicare for All" bill be adopted by Congress and signed by the president. Medtech Insight analyzed provisions that could impact industry in some of the proposed bills, in a comparative chart.
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