ADVAMED EXPRESSES SUPPORT OF FDA FUNDING INCREASES, CONCERN ABOUT MEDICARE CUTS

Medical device industry trade association AdvaMed's reaction to the President's budget proposal was mixed. AdvaMed President Steve Ubl said, "We are pleased that the President’s budget increases funding for the FDA . . . [but] are concerned, by the breadth and the depth of the Medicare cuts included in the budget. The Administration’s proposal to establish a competitive bidding program for diagnostic tests is particularly troubling."