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Affymax, Inc. (AFFY) Message Board

  • affymaxdad affymaxdad Sep 5, 2013 8:00 PM Flag

    Medicare cuts will favor Omontys over Amgen's ESA Monopolistic pricing...

    ongress voted in January to eliminate excessive payments being sent to dialysis clinics nationwide. The dialysis industry has collected an extra $530 million to $880 million a year in federal payments since 2011 compared with the actual use of dialysis drugs, the New York Times reported last week.

    The industry is now using patients and members of Congress to help protect its profits. More than 200 members of Congress, including Yoho, signed a letter sent last month to the Medicare administrator asking that the cuts be reconsidered.

    The cuts were part of the January deal that averted simultaneous tax increases and across-the-board spending cuts. Those cuts, called sequestration, were delayed but ultimately took effect due to the failure of Congressional members such as Yoho to reach a compromise.

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