Medicare competitive bidding is detrimental to patients and the economy and should be replaced with an auction-based system that includes rigorous standards for the quality of products and services, Catherine Burzik, former president and CEO of Kinetic Concepts, writes. The lack of transparency in CMS' decision-making standards, as well as the lack of penalties for winning bidders who cannot provide the devices promised or who provide poor-quality substitutes compound the problem. "It's a potential threat to patients and can lead to increased costs in our healthcare system. With some adjustments, CMS can and should make this right," she writes.
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