From: Memphis Business Journal
Cole Epley
Come July 1, the Centers for Medicare & Medicaid Services will implement a new process through which businesses that service and sell durable medical equipment and supplies will compete for Medicare business.
The program is designed to foster more competition and, in turn, influence more cost-effective supplies and service for Medicare beneficiaries.
But local businesses in the space have already sounded off on the so-called competitive bidding program — one of whom told MBJ the program is a “de facto way of not providing services” — and study results published in the May issue of the Quarterly Journal of Economics are likely to add fuel to those entities’ opposition of the program.