Looking at the wider healthcare market to begin with, a recent Commonwealth Fund reports highlighted the impact of Trump health reform proposals. According to Rand analysis Trump’s repeal-and-replace plan for the Affordable Care Act (ACA) would see a rise in the number of uninsured. The report says that elements of his proposals could add to federal deficit and that some of his proposals would decrease the number of people with insurance by between 15.6 million and 25.1 million.
But what about medtech itself? Trump’s win could significantly affect the medical device tax. Former Republican HHS secretary Tommy Thompson recently promised, ‘A Donald Trump administration would repeal the medical device tax’.
The Advanced Medical Technology Association (AdvaMed) has long argued that the tax harms job creation, deters medical innovation and increases the cost of healthcare. It previously announced that the tax should be scrapped altogether with senator Chuck Schumer from the Republican party calling it “a tax on innovation.”