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July 11, 2008

Competitive Bidding Demo Repealed by House of Representatives

This analysis is solely the work of the author. It has not been edited or endorsed by GLG.
Analysis By:
Ken Powell, PresidentKen Powell
President, Genesis Business Development
Implications: The House of Representatives repealed the Centers for Medicare and Medicaid Services (CMS) authority to conduct a competitive bidding demonstration program for laboratory services.  Senate action is now required.

Analysis: The repeal by the House of Representatives of the CMS competitive bidding demonstration program for laboratory services is good news for large, medium and small commercial reference labs.  Unfortunately, the Senate bill sponsored by Senator Max Baucus did not make it to a final vote.  Senator Baucus pledged to hold another vote after the 4th of July recess to end the current debate and pass the legislation.

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