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What do you spend on diapers? - The Dollar Stretcher
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The Dollar Stretcher blog will explore people and money.

What do you spend on diapers?

Have you ever given money to a needy friend or relative only to see them waste the money? Frustrating isn't it? Especially when you skip many of the nicer things in life to try to save the money that you gave them. 

That's why this report from the Health and Human Services department of the government burned my toast.  They were talking about comparing how 5 states bought diapers for the Medicaid program using competitive bidding. HHS calculated that if every state implemented the same process that they could save 23% or a total of $62 million! 

All State Medicaid programs implemented cost-control measures—such as quantity limitations or reductions in fee-schedule amounts—for incontinence supplies. Five State Medicaid programs implemented competitive bidding programs. These programs reported savings of up to 50 percent. If State Medicaid programs had paid suppliers at the median competitive bidding rate, they could have paid 23 percent less, saving $62 million. Other positive outcomes resulted from competitive bidding, such as increased beneficiary access to supplies, increased product quality, and State Medicaid program control of providing supplies. However, States reported encountering initial challenges with their competitive bidding programs, and six States attempted to establish competitive bidding but did not fully implement it.

Now it's been awhile since we've bought diapers in the Dollar Stretcher house, but as I recall we clipped coupons and watched for sales. No way would we spend 23% more than we had to on something that was going to be treated...well, like a diaper. I suspect that it would be safe to say that your family is just as careful to get the best deal you can on diapers.

So I feel a little bit like the guy watching his brother-in-law waste the money I sacrificed to save. Don't know about you, but it kinda makes me mad. Makes we want to tell those who are spending my money to not treat is as something that gets...well, thrown away with the diapers.

Just sayin'. 

 

 

 

 

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About Gary

For more than 25 years, Gary Foreman has worked to manage money effectively. Prior to starting The Dollar Stretcher, he was a financial planner and purchasing manager. While helping clients manage their hard earned money as a financial planner, he applied commonsense, time-tested techniques during the turbulent 1980’s. The experience convinced him that you didn’t need to hit the lottery to accumulate significant wealth. Following that, Gary had an opportunity to learn more about how to get the best value for a dollar spent in the corporate world. As the Purchasing Manager for a computer manufacturer, he was responsible for supervising over $10 million in annual purchases. Gary began The Dollar Stretcher website <www.TheDollarStretcher.com> and newsletters in April 1996. Over 300,000 readers benefit from the time and money saving ideas presented in The Dollar Stretcher newsletters each week. His mission is to help people "Live Better for Less". He also provides private label newsletters for companies wishing to provide money saving information for their clients and/or prospects. Gary lives in Florida along with his wife of thirty years and their two children. Much of his time is spent working with the men's ministry of his church. One of their ongoing projects is the "Holy Smoke BBQ" which sells bbq on Friday nights with the profits going to support local foster kids and orphans. When he has a free moment you’ll find him restoring a Checker station wagon nicknamed “Two Ton” or cruising in a '65 Impala SS Convertible with doo-wops playing in the background.

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Gary is a former financial planner and purchasing manager who edits The Dollar Stretcher website <www.stretcher.com> and newsletters. You can follow Gary on Twitter.com/gary_foreman
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