Friday, February 1, 2013

Device-Makers Critical of Medicare Competitive Bidding

Device-makers slam Medicare competitive bidding expansion - The Hill's Healthwatch:

"The medical-device lobby is railing against a new expansion of Medicare's competitive bidding program for durable equipment, a policy projected to save billions of dollars for beneficiaries and the Part B Trust Fund by 2022.

The Advanced Medical Technology Association (AdvaMed) said that the expansion could deprive patients of their preferred medical tools and tests.

"The competitive bidding program is built in such a way that the lowest bid — which may not be the right bid — may compromise patient access to products best suited for their needs," AdvaMed President Stephen Ubl said Thursday in a statement. "

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