Medicare Medical Equipment Bidding Flawed, Panel Hears

Law360, New York (September 11, 2012, 3:16 PM EDT) -- The Medicare durable medical equipment competitive bidding program is “fatally flawed,” unfair to DME businesses and should be replaced by a more transparent and fair system, industry representatives told a House panel Tuesday.

Peter Cramton, an economics professor at the University of Maryland, told the House Small Business Subcommittee on Healthcare and Technology that the competitive bidding program had numerous flaws, including a lack of transparency and a bidding process that encouraging low-ball bids with no consequences if bidders refuse a contract, and should be replaced...
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