US Expects $42B In Savings From Medicare Competitive Bidding

Law360, New York (April 18, 2012, 3:30 PM EDT) -- Medicare's new competitive bidding for home medical supplies has saved $200 million in the first year and could cut costs by $40 billion over the next decade, federal officials said Wednesday, rejecting claims the system will harm small businesses or threaten patient care.

The prices Medicare pays for so-called durable medical equipment, including oxygen tanks, wheelchairs and walkers, have long been based on fee schedules that are adjusted for inflation and might fail to reflect evolving markets.

Competitive bidding was rolled out last year in nine...
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