On the recordMay 8, 2012
Congress established the competitive bidding program in light of evidence that the Medicare fee schedule payments far exceeded retail rates, leaving the DMEPOS benefit prone to waste, fraud, and abuse.
Source
congress.govCongress established the competitive bidding program in light of evidence that the Medicare fee schedule payments far exceeded retail rates, leaving the DMEPOS benefit prone to waste, fraud, and abuse.
Herger explained the rationale behind the competitive bidding program for Medicare.
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