Congress Proposes Increase for DME Surety Bond

A Senate bill introduced last week would impose a $500,000 surety bond requirement on providers of durable medical equipment (DME) to Medicare beneficiaries.

The bill, S.2603, the “Medicare Fraud Prevention Act of 2008,” would increase the $50,000 surety bond requirement by a factor of 10. The bill would also increase civil and criminal fines for Medicare fraud and abuse.

The bill is sponsored by Sens. Mel Martinez (R-Fla.), John Cornyn (R-Texas), Norm Coleman (R-Minn.), Lamar Alexander (R-Tenn.), David Vitter (R-La.), and Jim DeMint (R-S.C.).

Stay tuned...

posted by dme alert service @ 6:56 AM