Compelo Medical Devices is using cookies

We use them to give you the best experience. If you continue using our website, we'll assume that you are happy to receive all cookies on this website.

ContinueLearn More

AdvaMed Pledges To Cut Healthcare Costs By Improving Medical Devices

As part of President Barack Obama’s effort to trim $2 trillion in US healthcare spending, Advanced Medical Technology Association (AdvaMed) will encourage medical device makers to improve the design of their products. In a letter sent to the president last week, AdvaMed joins drugmakers, hospital groups and labor representatives in advocating ways to cut the growth rate of healthcare spending by 1.5% points annually, the target set at a meeting with Obama last month.

The stakeholders pledge in the letter to save a total of $1 trillion to $1.7 trillion over the next decade through a series of cost-cutting proposals.