U.S. Congress - H.R.6490 Medicare DMEPOS Market Pricing Program Act of 2012
H.R.6490 - Medicare DMEPOS Market Pricing Program Act of 2012
To amend title XVIII of the Social Security Act to establish a market pricing program for durable medical equipment, prosthetics, orthotics, and supplies (DMEPOS) under part B of the Medicare program. view all titles (2)
All Bill Titles
- Short: Medicare DMEPOS Market Pricing Program Act of 2012 as introduced.
- Official: To amend title XVIII of the Social Security Act to establish a market pricing program for durable medical equipment, prosthetics, orthotics, and supplies (DMEPOS) under part B of the Medicare program. as introduced.
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Official Summary
9/21/2012--Introduced.Medicare DMEPOS Market Pricing Program Act of 2012 - Amends part B (Supplementary Medical Insurance) of title XVIII (Medicare) of the Social Security Act to direct the Secretary of Health and Human Services (HHS) to establish a market pricing program for durable medicOfficial Summary
9/21/2012--Introduced.Medicare DMEPOS Market Pricing Program Act of 2012 - Amends part B (Supplementary Medical Insurance) of title XVIII (Medicare) of the Social Security Act to direct the Secretary of Health and Human Services (HHS) to establish a market pricing program for durable medical equipment (DME), prosthetics, orthotics, and supplies (DMEPOS) as a replacement for the competitive acquisition program for DMEPOS, which is hereby terminated. Directs the Secretary to:(1) conduct annual market-priced auctions from among entities supplying market priced items and services in an eligible market area selected in the auction design,
(2) establish a lead product for each of specified product categories, and
(3) award a contract to any entity in an eligible market area in which an auction is conducted whose bid is below a clearing price equal to the highest cost bid that will meet capacity targets in the market area. Requires the Secretary to contract with an auction expert to assist in, and a market monitor to monitor, the design, development, and functioning of the auction. Adjusts the covered DME item update for 2012 through 2014 and each subsequent year.
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