Sen. Looks To Close Cost Gap In Hospitals' Implant Buys

Law360, New York (February 3, 2012, 8:34 PM EST) -- Sen. Max Baucus, D-Mont., on Friday called for hospitals to submit data on their purchases of medical device implants to federal authorities following the release of a U.S. Government Accountability Office study that shows significant variations among costs hospitals incur — and pass on to the Medicare program — for the equipment.

The report found that confidentiality agreements signed by the hospitals and sellers make it difficult for the prices to retain any consistency. Baucus, chairman of the Senate Finance Committee, suggests directing hospitals that treat Medicare beneficiaries...
To view the full article, register now.