Senator Lugar warns China on Healthcare Price Controls

Posted 20 December 2011 | By

The top Republican on the Senate Foreign Affairs Committee is warning China that its proposed price controls on medical products would hurt American companies and Chinese patients.  The letter from Sen. Dick Lugar (R-Ind.) comes as China weighs how to guarantee basic medical coverage to all 1.3 billion of its people by 2020. The US medical device industry has its eyes fixed on the promising market but worries that China could opt for price controls, digging into its profits and making costly American products less competitive.  China is already a favorite target of lawmakers, who accuse it of manipulating its currency to boost exports. Locking American medical devices out of what could become the world's largest healthcare market would exacerbate those tensions. (Senator Lugar warns China on Healthcare PriceControls)


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