Weems: Competitive bids will cut costs

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Kerry Weems, the acting administrator for the Centers for Medicare & Medicaid Services said a new Medicare competitive bidding program for durable medical equipment might save the program and beneficiaries more than $1 billion next year. This year, the will operate in 10 of the largest Metropolitan Statistical Areas and will apply to 10 of the top durable medical equipment, prosthetics, orthotics and supplies product categories. The program is scheduled to expand to 70 markets next year.

http://www.cms.hhs.gov

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