Medtech CEOs Like Stryker's Lobo 'Scared' Of 'Medicare For All' Driving Lower Device Prices, Former CMS Chief Says

Former CMS Administrator Thomas Scully says device companies like Stryker Corp. are "scared to death" of the coming "Medicare for All" debate in Congress. But Stryker CEO Kevin Lobo disagrees, noting he can sell hip and knee replacements in single-payer countries as easily as in the US. Industry group AdvaMed – of which Lobo is the current chairman of the board – is taking a wait-and-see attitude before jumping into the debate, says chief advocacy officer Greg Crist.

Columbia, South Carolina USA - October 20, 2018: Bernie Sanders speaks to S.C. progressives during an open to the public health care rally organized by political organization "Our Revolution". - Image
A "Medicare For All" bill introduced by 2020 presidential contender Sen. Bernie Sanders is just one of eight that Congress is considering

Doctors, hospital administrators and health insurers have been looking unfavorably at a new rash of “Medicare for All” bills introduced in Congress this year, and now device manufacturers may also find themselves in opposition, said speakers at an April 25 Alliance for Health Policy briefing on the topic.

The proposals include everything from complete Medicare coverage for all US citizens in the “Medicare for All Act,” introduced in...

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