Bob Herman Jul 11
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Ankle industry rallies behind Medicare pay raise
Nevit Dilmen / Wikimedia Commons

Large medical device companies and orthopedic surgeons are encouraging Department of Health and Human Services secretary Tom Price to lock in a proposal in which Medicare would pay significantly more for ankle replacement surgeries. The ankle industry's heft is almost certain to make the pay raise official once the final rule is released within the next month.

Why it matters: The first Medicare payment rule overseen by Price, an orthopedic surgeon by training, would steer millions of extra dollars toward his physician colleagues as well as medical device firms that make the screws, implants and other components of ankle replacement surgeries.