NU Online News Service, Nov. 12, 12:42 p.m. EST
WASHINGTON–Surety bond insurers are up in arms over a provision in the House health care reform legislation that waives a bond requirement for most pharmacies that provide durable equipment to Medicare beneficiaries.
"In the absence of bonding, who will be looking to assure that all providers that submit claims to Medicare are legitimate and that overpayments, fines and penalties assessed by CMS [Centers for Medicare and Medicaid Services] are paid?" asks Lynn M. Schubert, president of the Surety & Fidelity Association of America.
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