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Medicare Auction Reform

Peter Cramton ()

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

Abstract: Chairwoman Ellmers, Ranking Member Richmond, and members of the House Committee on Small Business, I am honored to appear before you today and have this opportunity to speak to such a critical committee on a matter of great significance to our future: Medicare auction reform. Without the effective use of market methods to control costs and encourage efficient supply and demand, Medicare is unsustainable. This is why it is essential for Congress to step in and insist that the Centers for Medicare and Medicaid Services (CMS) replace its fatally-flawed competitive bidding program for Durable Medical Equipment with a modern auction based on best-practice and science (see Market Pricing Program Summary 2012). CMS has had ten years to adopt a sensible auction, but has refused to do so. Congress must give CMS more specific instructions.

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: 17 pages
Date: 2012, Revised 2012
New Economics Papers: this item is included in nep-hea
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Published in Testimony of Peter Cramton before the United States House Committee on Small Business, 11 September 2012

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Working Paper: Medicare Auction Reform (2012) Downloads
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