Susan Morse
Thursday's vote came after a two-hour debate Thursday morning, with 212 Republicans and 180 Democrats voting in favor.
Former owners of California medical device companies of submitted fraudulent claims to Medicare for power wheelchairs and other equipment totaling $6.8 million.
Cost of repealing Medicare's sustainable growth rate would add $145 billion in government spending, report claims.
Meanwhile, proposed legislation could cost physicians more, leading to more alignment with hospitals.
Bill calls for stiffer fines for tax delinquent Medicare service providers, keeping reimbursement for acute care providers to 1 percent and by upping premiums for wealthier Medicare beneficiaries.
More than two-thirds of the estimated reduction, or $5 billion, was in states opting to expand Medicaid to uninsured low-income adults.
The privately held company is in the $9 billion global market for products designed for the treatment of vertebral compression fractures, degenerative disc disease.
The consumer demand for price transparency is growing as patients pay more out-of-pocket expenses as deductibles rise.
The bill proposes to increase payment accuracy, encourage physicians to adopt proven practices, supply doctors with data to improve care, and, for patients, to make Medicare more transparent by them more access to information.
Providers find retirement, financial planning for women in healthcare has high importance.