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Response to the Congressional Hearing on Medicare's Durable Medical Equipment Competitive Bidding Program

Peter Cramton ()

Papers of Peter Cramton from University of Maryland, Department of Economics - Peter Cramton

Abstract: On 11 September 2012, the Subcommittee on Healthcare and Technology of the United States House Committee on Small Business led by Chairwoman Renee Ellmers (R-NC) and Ranking Member Cedric Richmond (D-LA) held a hearing on Medicare’s Durable Medical Equipment Competitive Bidding Program, which is in its pilot stage, but soon is to expand to over one-half of the country. The program is administered by the Centers for Medicare and Medicaid Services (CMS). Under the 2003 Medicare Modernization Act, Congress mandated CMS to identify providers and price home medical equipment through competitive bid. The hearing helped illuminate the serious problems with the current program. As an auction expert and someone quite knowledgeable with both CMS’ current program and the stakeholders’ Market Pricing Program, which replaces the current program with a modern efficient auction, I provide comments on CMS’ testimony.

Keywords: Medicare auctions; health care auctions; procurement auctions (search for similar items in EconPapers)
JEL-codes: D44 I18 (search for similar items in EconPapers)
Pages: 10 pages
Date: 2012, Revised 2012
New Economics Papers: this item is included in nep-hea
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Published in Statement of Peter Cramton before the United States House Committee on Small Business, 17 September 2012

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