Good News for COVID-19 Testing Companies: Medicare Nearly Doubles Reimbursement [The Motley Fool]

Abbott Laboratories (ABT)
Last abbott laboratories earnings: 4/16 07:30 am
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Source: The Motley Fool
Brian Orelli(TMFBiologyFool)Author BioDr. Orelli is a Senior Biotech Specialist. He has written about biotech, pharmaceutical, and medical device companies for The Motley Fool since 007.Follow @BiologyFoolAs of Tuesday, the Centers for Medicare and Medicaid Services (CMS) began paying laboratories $00 for eachCOVID-9"This is an absolute game-changer for nursing homes, where risk of coronavirus infection is high among our most vulnerable," CMS Administrator Seema Verma said in a statement.The increased reimbursement will benefit diagnostic companies, such asLaboratory Corporation of AmericaNYSE:LHQuest DiagnosticsNYSE:DGXrunning COVID-9 tests for over a monthImage source: Abbott Labs via PRNewswireIt's less clear how much of the increased reimbursement will trickle through to thecompanies that developed those testsRoche HoldingOTC:RHHBYThermo Fisher ScientificNYSE:TMONYSE:ABTThe American Clinical Laboratory Association (ACLA), a trade group of diagnostic testing laboratories, praised t
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ABT
News
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- Stroke Management Market to reach $74 Billion, Globally, by 2032 at 7.4% CAGR: Allied Market Research [Yahoo! Finance]Yahoo! Finance
- Digital Diabetes Management Market to Hit USD 22.47 Billion by 2030 Driven by Rising Diabetes Prevalence Globally and Supportive Regulatory Environment | Research by SNS Insider [Yahoo! Finance]Yahoo! Finance
- Cough Suppressant Market is expected to US$ 50,948.51 Million by 2034: Future Market Insights, Inc. [Yahoo! Finance]Yahoo! Finance
ABT
Earnings
- 10/18/23 - Beat
ABT
Sec Filings
- 11/1/23 - Form 10-Q
- 10/30/23 - Form 4
- 10/26/23 - Form 144
- ABT's page on the SEC website