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Thoratec Corporation Message Board

  • johnlaing2003 johnlaing2003 Aug 13, 2003 11:38 AM Flag

    ICD & CMS Indecision

    I think the recent confusion over ICD coverage or re-definition of coverage by the CMS is affecting THOR & all device makers. I know my Medtronic & St.Jude holdings are getting kicked today. IMO the Medtronic CEO spooked the CMS by projecting through the roof sales and the implantation of an internal device in basically everyone in the U.S. A delayed decision could turn out to be good for THOR in the long term.

    I think when CMS reads that a device company will go from x-million to 6 billion they get really paranoid and simply think; "do we really want this kind of escalation on our watch". You've got to get in the heads of burecrats, these people's main concern is not creating waves and coasting until retirement. I've worked with them before, not the top rung of the gene pool.

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