The Medicare DMEPOS Competitive Bidding Improvement Act of 2014 has been introduced in Congress, according to AAHomecare.
“This bill will help fix the Medicare bidding program by making sure that bidders honor their bids and provide proof of licensure before bidding,” the association stated in a bulletin.
AAHomecare is still waiting for a bill number and text for the bill to be made public.
Industry stakeholders expected Reps. Pat Tiberi, R-Ohio, and John Larson, D-Conn., to lead a group of lawmakers in introducing the bill this week. The bill would require providers to obtain bid bonds as part of the competitive bidding program. If a provider receives and accepts a contract from CMS, the bond would turn into a performance bond. If a provider receives a contract offer but does not accept it and its bid is at or below the bid price, the government can collect on the bond.
The bill would also require providers to prove that they meet licensure requirements before they submit bids.
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