Chinese price controls will hurt U.S. companies, says Lugar | MassDevice – Medical Device Industry News

Sen. Dick Lugar (R-Ind.) warns that China’s proposed price controls on med-tech products will hurt Chinese patients and American companies.

 

Sen. Dick Lugar (R-Ind.), the head Republican on the Senate’s Foreign Affairs Committee, warned Chinese officials that its proposed price controls for medical products would hurt American companies and Chinese patients.

The letter from Lugar comes as China decides how to best provide basic medical care to all of its 1.3 billion citizens by 2020.

The U.S. med-tech industry is eyeing the future market, but worries that China will opt for price controls that would dig into industry profits and make expensive American devices less competitive, according to TheHill.com

via Chinese price controls will hurt U.S. companies, says Lugar | MassDevice – Medical Device Industry News.

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About gatoMalo

I am a veteran served on the USS Saratoga. After the military I worked on computers for the last 30 or so years. I worked as a hardware, software, network, email, groupware developer and security dude. I am now an abuelo. I belive in guarding the guards. We are all citizen warriors for our country the 5th battlefield is Cyber Space so here I am. Later, quis custodiet ipsos custodes? View all posts by gatoMalo

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