AcuPartD

Keeping you updated on the latest Medicare and Part D news

Competive Bidding Offers Savings For Medicare and Benes

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After a successful experiment in nine metropolitan areas, Medicare has instituted competitive bidding for mail-order firms that want to sell diabetes testing strips. Where the program was paying$ 77.90 for 100 mail-ordered strips from hundreds of suppliers, Medicare now works with 18 suppliers, paying around $22.47 for the same quanitity. For beneficiaries, co-payments have dropped from $15.58 to $4.49.

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News Release

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