FEDERAL POLICY PRIORITIES
Washington’s Life Sciences - One of Washington State’s Strongest Economic Drivers
Washington state is fortunate to have a dynamic, diverse and growing statewide life sciences sector. Between 2007 and 2012, life science jobs grew 10 percent. while the rest of the private sector grew zero perecnet. The fifth largest sector in the state, the life sciences employ 34,000 direct jobs and 91,000 total jobs. The life sciences industry is the State’s fifth largest employer. Federal officials must actively work to create and ensure a supportive environment that enables entrepreneurial people and companies to convert innovative ideas into marketable new products, services and jobs.
Funding for Basic Research
Recommendation: Support funding of the National Institutes of Health.
The National Institutes of Health’s (NIH) current federal funding of $32 billion sustains its mission of improving health through medical science breakthroughs. The NIH makes possible the United States’ international leadership in science and biomedical research. The NIH also is a pillar of the nation’s economic recovery. Locally, robust NIH funded biomedical research contributes substantially to the Washington state economy—alone NIH grants to University of Washington School of Medicine faculty exceeded $700 million in FY 2010.
Medical Device Excise Tax
Recommendation: continue to work with partners AdvaMed and MDMA to have the excise tax repealed.
The ACA introduced a medical device excise tax. While negotiations during 2010 year improved the tax, we continue to work with partner organizations MDMA and AdvaMed to get the tax repealed. There are more than 180 members of the House who have signed on in support of the repeal
Recommendation: Continue to work with Bio and other partners so that reimbursement policy does not compromise patient access to innovative products and therapies designed to provide answers for unmet medical needs.
This is an issue that will have a number of inflection points as policies are developed in response to debt reduction and implementation of the Affordable Care Act. The issue is likely to be more active at the federal level, than the state level.
For more information contact:
Chris Rivera, President, 206-456-9567 or email@example.com
Patti Tenney, Senior Director of Public Affairs, 206-456-9566 or firstname.lastname@example.org
WBBA’S 2010 FEDERAL POLICY PRIORITIES