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Devicemakers Pledge To Help Reduce Healthcare Costs

Advanced Medical Technology Association (AdvaMed), a Washington-based medical technology association, cited disease prevention and innovation as two critical steps in helping President Barack Obama reduce spending following a White House summit on healthcare reform with other stakeholders. The group pledged to cut the growth rate of national healthcare spending by 1.5% a year over the next 10 years for a total savings of more than $2 trillion, Obama said after the summit.

The president highlighted the need for devicemakers to focus on prevention and medical advances to cut spending, a point that was supported by AdvaMed.

AdvaMed advocates for a legal, regulatory and economic environment that advances global health care by assuring worldwide patient access to the benefits of medical technology.