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Report: Competitive Bid Process for Durable Medical Equipment Has Saved Money

by KEN BLACK

WASHINGTON, May 15 -- The Centers for Medicare and Medicaid Services said a competitive rebid for durable medical equipment that began in 2008 resulted in a savings of more than $200 million to the government the first year, the Government Accountability Office revealed.

In a report titled, "Medicare: Review of the First Year of CMS's Durable Medical Equipment Competitive Bidding Program's Round 1 Rebid" (Report No. GAO-12-693) the GAO said that the rebid was done after a law term . . .

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