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.
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...