Summary
There are possible upcoming cuts to Medicare payments for lab tests unless Congress takes action by the end of the month. A proposed law aims to limit these cuts and maintain access to lab services for seniors. Lawmakers are discussing changes to address data reporting issues and to keep Medicare rates more stable.
Key Facts
- Medicare cuts for lab tests could start at the end of the month if Congress doesn't act.
- The cuts would reduce Medicare payments for lab tests by up to 15 percent.
- A proposed bill aims to freeze current payment rates and cap annual cuts at 5 percent instead.
- The Centers for Medicare and Medicaid Services are collecting data to set new payment rates.
- Lawmakers say existing laws have not worked as intended due to reporting issues.
- The proposed bill has bipartisan support from both Democratic and Republican senators.
- The deadline for the potential changes, if not addressed, is the end of January.
