In contrast to most bidding processes that award contracts to the lowest bidders, the Centers for Medicare and Medicaid Services uses the median of the winning bids as the compensation price, “which only creates uncertainty and potential losses for bidders,” according to Dr. Wayne Winegarden, the report’s author.
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Katie Kuehner-Hebert is a freelance writer based in Running Springs, Calif. She has more than three decades of journalism experience, with particular expertise in employee benefits and other human resource topics.
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