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Congress now requires all bidders to submit a $50,000 “bid surety bond” – which the winning bidder must forfeit if the vendor decides to not participate. (Photo: Shutterstock)

Medicare’s current inefficient competitive bidding process for medical equipment and supplies is causing less vendors to submit bids – to the detriment of patients, according to Pacific Research Institute’s report, “Reforming CMS’ Competitive Bidding Process to Improve Quality and Sustainability.”

Katie Kuehner-Hebert

BenefitsPRO

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