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Tag: Tariff


Invacare reports 'mixed' financial results

November 6, 2018HME News Staff

ELYRIA, Ohio - Invacare reported net sales decreased 2.5% to $244.6 million for the third quarter of 2018 compared to the same period last year.Net sales for North America HME decreased 7.3% to $73.7 million, driven by decreases in respiratory and lifestyle product sales. Net sales increased 8.9%, however, for mobility and seating products.“The third quarter performance was mixed,” said Matthew Monaghan, chairman, president and CEO.Invacare believes providers were cautious about investing...

Competitive Bidding, Financial Results, Invacare, Tariff, Third Quarter (Q3)

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In brief: MedPAC makes case for ramping up bid program, several DME product categories dropped from Trump tariffs

June 22, 2018HME News Staff

WASHINGTON - MedPAC's June 2018 report to Congress recommends that CMS include more DMEPOS products in the competitive bidding program as a way to improve Medicare's payment policies and reduce fraud and abuse. “The CBP has successfully driven down the cost of DMEPOS products for the Medicare program and beneficiaries,” the report states. “Compared with payment rates in the year before the CBP, Medicare's payment rates for some of the highest expenditure products...

Competitive Bidding, Donald Trump, Medicare Payment Advisory Commission (MedPAC), Stark Law, Tariff

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Trump tariffs: Several DME product categories dropped

June 21, 2018HME News Staff

WASHINGTON - Efforts by AAHomecare and its manufacturer members to exempt several product categories from a 25% tariff on imported materials and products from China have partially paid off.AAHomecare announced this week that 10 of the 48 product categories that they had targeted for exemption have been removed from an original list of 1,333.“I've never seen AAHomecare leadership act so quickly and effectively under such difficult circumstances and time constraints,” said Mitchell Yoel,...

AAHomecare, Manufacturing, Tariff

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Manufacturers evaluate impact of tariffs

June 1, 2018Liz Beaulieu, Editor

WASHINGTON - AAHomecare, on behalf of its manufacturer members, has asked the U.S. Trade Representative to exempt 48 product categories from proposed 25% tariffs on imported materials and products from China.The Trump administration announced last week that it would also impose 25% tariffs on steel and 10% tariffs on aluminum from the European Union, Canada and Mexico.In a letter to the USTR in May, AAHomecare President and CEO Tom Ryan said the tariffs would “adversely affect the health and...

AAHomecare, Tariff

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AAHomecare plans response to tariff proposal

April 19, 2018HME News Staff

WASHINGTON - AAHomecare plans to submit comments to the U.S. Trade Representative in response to a proposed tariff of 25% on medical equipment from China. The association and representatives from several manufacturer members have met to discuss the response. A sudden increase in costs for equipment made in China would cause significant hardship and disruption for HME providers and patients, says AAHomecare.

AAHomecare, Donald Trump, Home Medical Equipment (HME), Tariff

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F&P responds to potential Trump tariff on Mexico

January 27, 2017HME News Staff

WELLINGTON, New Zealand - Fisher & Paykel Healthcare will consider switching manufacturing of U.S. products from Mexico to New Zealand if President Donald Trump's administration taxes Mexican imports, Yahoo Finance reports. “We've got two plants, one in New Zealand and one in Mexico,” CEO Lewis Gradon told Yahoo. “We have the capacity to supply the United States from New Zealand if that makes more economic sense.” Shifting manufacturing to New Zealand would raise production...

Donald Trump, Fisher & Paykel Healthcare, Manufacturing, Mexico, Tariff

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