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S. 2603, The Medicare Fraud Prevention Act of 2008 (2 comments ↓)
- This item is from the 110th Congress (2007-2008) and is no longer current. Comments, voting, and wiki editing have been disabled, and the cost/savings estimate has been frozen.
S. 2603 would amend title XI and XVIII of the Social Security Act to provide increased civil and criminal penalties for acts involving fraud and abuse under the Medicare program and to increase the amount of the surety bond required for suppliers of durable medical equipment.
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Visitor Comments
Stan Ruffner
The Surety Bond is excessive - I totally agree with the amounts increased for the fraud; however, the surety bonds will be an excessive expense for many small companies
Michael Apolskis
On December 29, 2008, the Centers for Medicare & Medicaid Services released a Final Rule, which will require suppliers of Medicare durable medical equipment, prosthetics, orthotics and supplies obtain and maintain a surety bond of at least $50,000. See the Medicare Update weblog’s post at http://tinyurl.com/74lrgl