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Stock impact report

US to speed up payments for new medical devices under Medicare, FT reports [Yahoo! Finance]

Johnson & Johnson (JNJ) 
Last johnson & johnson earnings: 4/14 06:31 am Check Earnings Report
US:NYSE Investor Relations: jnj.com
Company Research Source: Yahoo! Finance
The program is ?designed to shorten the wait time for reimbursement to two months from a year or more, according to the FT report. About 40 new devices are expected to be initially ?accelerated for coverage, ?the report added, citing the government. Medical device makers often face long delays between regulatory approval ?and Medicare reimbursement. They have argued that the lack of a clear reimbursement pathway, unlike for drugs, discourages innovation ?and investment. The ?report said the decision is ?a win for large ?device makers such as Medtronic and Johnson & Johnson, which have lobbied lawmakers to accelerate Medicare coverage for new products. The Centers for Medicare & Medicaid Services and the Food and Drug Administration are set to hold a press call ?on Thursday at 9:30 a.m. ET ?to discuss the effort. In 2025, ?Medtronic generated $33.5 billion in ?revenue and J&J generated $33.8 billion in medtech ?sales. The new program comes as ?the Trump administration ?loo Show less Read more
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