Video: Cramton Stays After CMS’ Bidding Design

After campaigning for months against CMS’ “fatally flawed” competitive bidding design, University of Maryland economics professor Peter Cramton has posted a 12-minute video, “Medicare Auction Reform,” which describes the problems as he and others see them.

Cramton says an auction for HME can work, however, and is advocating for a complete redesign of CMS’ current program. “To avoid program failure, the flawed Medicare auctions must be replaced with modern efficient auctions, which yield sustainable competitive market prices,” he said in a recent email.