MedCity News December 26, 2022
The 17% increase is the largest jump since OIG began tracking lab spending in 2014. This increase was due to higher volume for three test types: Covid-19 tests, genetic tests and chemistry tests.
Medicare Part B spent $9.3 billion on laboratory tests in 2021, a recent report from the Office of Inspector General (OIG) found. This represents a 17% increase from 2020, when spending was at $8 billion.
The OIG conducted this study by analyzing claims data for lab tests performed in 2021 and paid for by the Centers for Medicare and Medicaid Services under the Clinical Laboratory Fee Schedule.
The 17% increase is the largest jump since OIG began tracking lab spending in 2014. This increase was due to...
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