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The Med Tech Conference was held in Washington, D.C. a few weeks.

The Advanced Medical Technology Association, is much like the BIO conference of some 10-12 years ago, with only a few thousand attendees. By holding this conference in Washington, D.C. the organizers are able to attract a number of well-known politicians and other world leaders. This year's conference featured former president Bill Clinton - last year's featured Hillary still as a candidate for the presidency.

Bill Clinton still has that old charisma. Back in 1993 at the beginning of 1993, Bill and Hillary initiated Healthcare Reform but gained little traction although certainly had the pharmaceutical world very worried for many months. This time around the industry has rushed to embrace the Obama program early, with hopes that with an FDA biosimilars (bio-generics) program in the making that the industry will stave off price controls on drugs. This time around the medical device industry, which did not jump into the fray early on, is threatened with a $40 billion potential sales tax.

Clinton's message to the medical device industry was that the current plan, while flawed, is a step in the right direction, and that healthcare reform is not about getting it all right now but a continuous improvement plan. Echoing these sentiments, the Chief of Staff to the French Minister of Health, reviewed, remarkably in a few clear and illustrative powerpoint presentation, how the French had improved their own healthcare system over a 20 year time period via a series of reforms.

Source: WTN News

You can discuss more about Healthcare Reform and related topics in our Healthcare Reform Group.