No more secrecy in medtech pricing, says Sen. King

No more secrecy in medtech pricing, says Sen. King-massdevice: Senator Angus King (I-Maine) has a new bill on the floor that he says will correct a fundamental imbalance in the medtech market, namely by imposing more pricing transparency on medical device makers. He started out researching the controversial medical device tax, he said on the Senate floor this week, but his research into medtech's share of the cost of U.S. healthcare hit a wall when he couldn't turn up information on how much hospitals are paying for various implantable devices. Given the growing emphasis on reigning in healthcare costs, the lack of transparency in medical devices may be hindering market forces that may otherwise help lower prices, King said.