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Lincare 4th Qtr Profit Drops 27%, Hurt by 1.5% Cut in Medicare Oxygen Reimbursement
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02-26-2010, 11:30 AM
bm2513
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The initial first round of bidding yielded reduced rates, even though the bidding was not enforced, Medicare enforced the reduced reimbursement for oxy and other items under bid. Oxy went from $195 to $175 (roughly).
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