Medicare testing ground: Lower prices, rising concerns
The Inland Empire is a new testing ground for whether the federal government and health consumers can finally do something about rising health costs. Medicare is rolling out a new competitive bidding program that it says will reduce the costs of certain medical equipment by 30 percent or more. Yet what would seem to be a classic, all-American way to deal with pricing – through competition – and with happy winners – taxpayers and Medicare recipients -- turns out not to be that simple. We dive into the debate over the program.
The Inland Empire is a new testing ground for whether the federal government and health consumers can finally do something about rising health costs. Medicare is rolling out a new competitive bidding program that it says will reduce the costs of certain medical equipment by 30 percent or more. Yet what would seem to be a classic, all-American way to deal with pricing – through competition – and with happy winners – taxpayers and Medicare recipients -- turns out not to be that simple. We dive into the debate over the program.




