The Australian medical technology industry includes Australian and overseas companies manufacturing and supplying medical devices, in-vitro diagnostics and medical imaging equipment. The medical technology industry makes a highly significant contribution to the quality of healthcare in Australia. The reimbursement of medical technology in Australia is complicated and occurs in many forms. Some processes are interrelated, for example with Medicare; while others are stand alone schemes.
What is Driving Increased Expenditure on Prostheses?
Recently, the private health insurance industry has suggested that there is a need for reform of prostheses pricing under the Prostheses List (PL) arrangements, citing the growth in prostheses expenditure over the last 20 years. In response, MTAA has developed a factsheet to identify what factors are driving this increase in prostheses expenditure by health funds.