The Colorado Springs Business Journal published the following quote about competitive bidding from the Colorado Association of Medical Equipment Services board member Doug Coleman:
“Competitive bidding sounds reasonable on the surface - however, in its current form, it is very dangerous for patients who need home medical equipment,” Coleman said. “The program forces providers to submit unsustainable suicide bids. Only one in ten providers will be awarded a bid, so nine out of ten providers will close their businesses … the ‘winning’ bidder will not be able to survive a the bid rates that were necessary to secure the contract.”
To read the full article, visit: http://csbj.com/2010/06/14/industry-group-opposes-medicare-bidding-plan/
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