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September 15, 2009

Medical-Device Makers Clamber to Avert New Fees in Health Bill - WSJ.com

Medical-Device Makers Clamber to Avert New Fees in Health Bill - WSJ.com.

The $100 billion medical-device industry is scrambling to reverse billions of dollars in fees proposed by the Senate Finance Committee, but it faces trouble because its reluctance to offer concessions alienated some lawmakers.
The draft of the bill in the Finance Committee realting to health care would have device makers paying $40 billion over the next ten years.

The article goes on to say that this spring as the health-related industries went to the White House to volunteer financial concessions, the device makers suggested that the gov't levy taxes on hospital-purchasing groups.

In June the pharm industry offered $80 billion in savings, and then a few weeks later the hospitals offered $155 billion.

The bill is slated to be made public today.

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