The Medicare system has begun to require all medical equipment providers to post a 50,000 dollar surety bond in an attempt to keep America safe from those committing frauds upon the system. Millions of dollars are lost each year to scoundrels who charge the system for medical equipment or supplies and then do not deliver.
The idea behind the medicare surety bonds is to make it harder for providers who do not have plans to use the Medicare system properly. Unfortunately, what this means is that each equipment provider must pay 1,500 dollars for the 50,000 dollar surety bond that is to keep us safe. If their costs go up to cover this extra running expense, it is the consumer that will be asked to pay for them in the long run. The American healthcare system is broken and this new surety bond program is probably not going to help anything.