Tag: Bid Amounts
Competitive bidding: What Congress is saying (and a few others) about the bid amounts
July 6, 2010Liz Beaulieu, Editor
Healthwatch, the healthcare blog of The Hill, a beltway publication, ran two stories over the weekend on the bid amounts for competitive bidding. Neither spells good news for the HME industry.
At least one sentator (Max Baucus, D-Mont.) and one representative (Joe Barton, R-Texas) are hailing the, on average, 32% cut to Medicare reimbursement for nine product categories in nine cities. Baucus said:
“Today we are seeing that transparency and competitiveness in Medicare results in a 32 percent...