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
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ABT
Earnings
- 4/16/25 - Beat
ABT
Sec Filings
- 5/2/25 - Form 4
- 5/1/25 - Form 8-K
- 4/30/25 - Form 144
- ABT's page on the SEC website