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MetroStar Home Health COO Comments on the Effect of the Newly Instituted Competitive Bidding Program from the Centers for Medicare & Medicaid Services on Beneficiaries
Date:2/21/2013

NEW YORK, Feb. 21, 2013 /PRNewswire/ -- Fall-out continues as a result of the competitive bid program instituted by the Centers for Medicare & Medicaid Services (CMS). Durable Medical Equipment companies from across New York have aligned in their effort to Protect Medicare Beneficiaries.

The plunging reimbursement rates set by Medicare for Durable Medical Equipment (DME) illustrates why its system for the purchasing of home medical equipment is clearly a flawed one, expected to produce troubling results. The new bidding program allows the Centers for Medicare & Medicaid Services (CMS) to determine the pricing on durable medical equipment such as oxygen and wheelchairs, as well as other vital home medical products for Medicare beneficiaries.

The Centers for Medicare & Medicaid Services (CMS) has announced that in Round 2 of its bidding process, which is expected to begin on July 1, suggests that reimbursements for a wide range of home medical equipment will drop on average by 45 percent in New York City and Long Island, with diabetic test prices dropping an average of 72 percent. 

"CMS' new competitive bidding system, while it does seem to involve bidding, is anything but competitive," stated Isaac Newman Chief Operation Officer at MetroStar Home Health Products, a New York City-based medical supply company. "Like all bids there are winners and losers; however, it is transparent to all that the winners are based on their readiness to cooperate with the bid process rather than their cost competitiveness." 

The process is set by the bidders in a convoluted manner, which CMS erroneously refers to as "competitive bidding." Many industry experts suggest that CMS has deviously created a process where it can arbitrarily select any price between the lowe
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SOURCE MetroStar
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