No, when FILA went from double elimination to speed things up, all losers were out, single elimination. Except for the semi finalists. Only 3 semifinalists would get a medal. Winners of the semifinal would go for gold, losers would go for bronze, and there was only one Bronze.
Now the system is if you lose to a finalist, you go into a repechage in order of when you lost to try to fight for a Bronze. The theory is that if you lost to the finalist, you might be better than losing to someone who lost to a non-finalist. Each side of the bracket gets a Bronze.
mspart