Medicare is paying more for medical supplies of all kinds than the Department of Veterans Affairs or state healthcare systems, a study to be released Wednesday reportedly asserts. HHS' inspector general's office examined Medicare expenses for 16 common medical items and concluded that if the program had paid the same prices as the VA it would have saved $958 million from its $1.7 billion tab, according to a report in USA Today. Medicare beneficiaries also paid higher out-of-pocket costs because of the price differential. The study will spur renewed interest in allowing Medicare to engage in competitive bidding, Sen. Tom Harkin (D-Iowa) told the newspaper. Harkin, who chairs the Senate Appropriations' health subcommittee, requested the study.
Medicare pays too much for supplies, study to say
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