- December 12th 2011
The agency overseeing the Medicare program is moving forward with the expansion of a competitive bidding system to purchase durable medical equipment.
The extension of the bidding process for medical equipment, prosthetics, orthotics and supplies across the country is expected to lower costs and save Medicare and patients more than $28 billion over 10 years. The Centers for Medicare & Medicaid Services began registering equipment suppliers for the bidding process on Dec. 5, but it does not expect the new prices chosen during this second round of bidding to take effect until July 1, 2013.
CMS introduced the first phase of competitive bidding in nine cities on Jan. 1, 2011. But some lawmakers and health care industry associations have worked to prevent the program from expanding to 91 metropolitan areas. Products open for bidding include oxygen supplies, wheelchairs and power scooters, enteral nutrients, continuous positive airway pressure devices, hospital beds, walkers, and negat [Read more]