Presently, the US Congress has not permitted Medicare to negotiate purchase prices and get competitive bids for the huge amount of durable medical equipment it pays for every years.
With its high volume power, Medicare would get substantial reductions in
the price it pays each year for the many different types of durable medical equipment if it were allowed to negotiate prices and get competitive bids with the many medical equipment suppliers.
My recommendation here is that Medicare be allowed to negotiate purchase prices and get competitive bids for durable medical equipment with medical equipment suppliers. This is a much fairer way to reduce US Government Spending than to cut Medicare, Medicaid and Social Security
Benefits.
