Beginning Jan 2011, competitive bidding will replace the current "standard fee" system in selected areas. This was briefly implemented in 2008, then stopped by congress with the passing of the Medicare Improvements for Patients and Providers Act. This marks the beginning of implementing Medicare's competitive bidding program, which will be used to determine the price Medicare pays for certain durable medical equipment, prosthetics, orthotics, and supplies. Included in the lists are oxygen concentrators, walkers, wheel chairs, prosthetic limbs, and hospital beds.
The cuts will go into effect at the beginning of 2011 in the following cities: Charlotte, N.C.; Cincinnati; Cleveland; Dallas; Kansas City, Mo.; Miami; Orlando; Pittsburgh; and Riverside, Calif.
It is anticipated that it will result in a 31-32% reduction in the rates for the DME suppliers.
The American Association for Homecare, which opposes competitive bidding, said the new bidding program relies on "suicide bids" that will drive DME suppliers out of business.
source:http://www.medpagetoday.com/PublicHealthPolicy/Medicare/21019
More Info: http://www.portableoxygen.org
The cuts will go into effect at the beginning of 2011 in the following cities: Charlotte, N.C.; Cincinnati; Cleveland; Dallas; Kansas City, Mo.; Miami; Orlando; Pittsburgh; and Riverside, Calif.
It is anticipated that it will result in a 31-32% reduction in the rates for the DME suppliers.
The American Association for Homecare, which opposes competitive bidding, said the new bidding program relies on "suicide bids" that will drive DME suppliers out of business.
source:http://www.medpagetoday.com/PublicHealthPolicy/Medicare/21019
More Info: http://www.portableoxygen.org