Citing an HHS report revealing Medicare overpaid $70 million for durable medical equipment, a four-member bipartisan group of the Senate Finance Committee called on the federal department to eliminate waste and better vet its suppliers, according to a report by The Hill.
Senators Max Baucus (D-Mont.), Orrin Hatch (R-Utah), Tom Carper (D-Del.) and Tom Coburn (R-Okla.) recommended HHS raise the required $50,000 its suppliers must maintain in "surety bonds" to ensure such recipients have enough cash reserved to pay back overpayments. The report showed some companies had received millions in overpayments and had only a small fraction of that amount in their reserves.
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Senators Max Baucus (D-Mont.), Orrin Hatch (R-Utah), Tom Carper (D-Del.) and Tom Coburn (R-Okla.) recommended HHS raise the required $50,000 its suppliers must maintain in "surety bonds" to ensure such recipients have enough cash reserved to pay back overpayments. The report showed some companies had received millions in overpayments and had only a small fraction of that amount in their reserves.
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