“The American free market is the world’s cradle for medical innovation, giving rise to the latest advances in medicine such as novel platforms for gene editing, cancer immunotherapy, and percutaneous cardiac valve intervention. Unfortunately, outdated government laws may imperil both individual access to new products and innovator capacity for developing new technologies. America’s elderly are uniquely vulnerable to these constraints on the market and medicine due to their growing chronic disease burden. As America’s largest payer, the Centers for Medicare & Medicaid Services (CMS) is entrusted with securing access to timely and clinically necessary innovations for Medicare beneficiaries. By advancing innovation in health care, we can unlock crucial drivers for long-term cost reductions and quality improvements for our beneficiaries.”
“Novel technologies require an ecosystem that enables new products – once approved by the Food and Drug Administration (FDA) – to be readily accessible for beneficiaries. In other words, the hardest hills for innovators to climb should be scientific, not bureaucratic. However, for too long, the gears of American medical innovation have rusted due to a web of laws that may limit the uptake of transformative technologies into…” Read the full article here.
Source: Modernizing CMS to Enhance Access to Innovation – By Seema Verma, November 4, 2019. CMS.
