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CMS delays rule that would cut lab payments by nearly $4 billion

from Modern Healthcare

The CMS is delaying a rule that would result in clinical labs losing $3.93 billion in Medicare payments over 10 years. A final rule released last year lowered Medicare payments for laboratory tests to make them equal to what private insurers pay. The rule was set to take place on Jan. 1, 2018, and required labs to collect private payer data from Jan 1, 2016, through June 30, 2016. The data was to be submitted to the CMS by March 31, 2017. Labs said they needed more time to review data and ensure their accuracy. more

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