The student, functioning as an external consultant hired by CMS to revise the competitive bidding process so that it results in lower prices to

The student, functioning as an external consultant hired by CMS to revise the competitive bidding process so that it results in lower prices to beneficiaries for public goods; is easier and less expensive to setup and implement; and will likely be less objectionable to medical equipment manufacturers and retailers then previous bidding models. It is expected that the consultant will review formal recommendation. To aid in the development of the recommendation, it would be prudent to art least consider how you would respond to the following questions:

What are risks of a CMS bidding process?