News

Colorado Bioscience Companies Raised $1 Billion in 2018

Thursday, December 27, 2018

International Investors Contributed to the State’s Largest Financings 
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Weekly Policy Update: More Medical Device Tax News and the 2018 Farm Bill

Friday, December 14, 2018

The House Ways and Means Committee this week released a new extenders package which included a 5-year extension on the medical device excise tax moratorium. The 2.3% levy on the sale of prescribed medical devices was in effect between 2012 and 2014 after it was enacted through the Affordable Care Act in 2010, but the pushback from industry has led to several moratoriums. It received a 2-year delay extension earlier this year as part of a continuing resolution.Under the new relief bill, the 2018 moratorium on the device tax would be extended until 31 December 2024.  

Weekly Policy Update: Protecting Medicare Beneficiaries and Medical Device Tax Work

Thursday, December 06, 2018

A recent proposal by the Centers for Medicare & Medicaid Services (CMS) would implement an unprecedented Part B demo that could harm Medicare beneficiaries. We believe this would alter the entire reimbursement structure for providers in Part B and ultimately restrict access and limit drug options ultimately effecting the patient and physician. Further, the proposal could significantly impact the Part B program which will affect drugs that are directly administered by doctors and treat a broad range of serious and critical diseases like cancers and other rare or chronic illnesses. These changes can and will have a serious impact on patients’ quality of life. They will also affect the access to care on which so many seniors and individuals with disabilities depend.