Bloomberg/Business Week Discuss Problems with Competitive Bidding, 85% Drop in Suppliers

In the video linked to below, Brian Rye, a health-care financial analyst with Bloomberg Government, discusses CMS’ competitive bidding program, including the opposition from hundreds of academicians, use of non-binding and and the use of median-bif pricing instead of the market-clearing price.  Rye also discusses the drastic decline in the number of eligible home medical equipment suppliers.

http://www.businessweek.com/videos/2012-07-10/medicare-s-competitive-bidding-moving-ahead