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Surety bond prices up on Medicare activity

June 20, 2014Leah Hoenen

YOUNGSTOWN, Ohio - The price of surety bonds is rising on increased Medicare activity and drops in credit scores, insurance brokers say.“From what I've heard from customers that have shopped for surety bonds with us, they have noticed everything from a little to a pretty decent price increase from the carrier they're currently with,” said Bill McMahon, account executive at Cailor Fleming Insurance, which has not increased its bond prices.Medicare began requiring that HME providers carry...

Bill McMahon, surety bonds