A Possible Cut

Part of the payroll tax cut agreement between the US House of Representatives and the Senate affects clinical labs. According to Bloomberg Businessweek, the current plan includes a 2 percent cut in Medicare payments to clinical labs in 2013. Additionally, Goldman Sachs'Isaac Ro says in a research note on the pending legislation that "we believe that these potential unexpected cuts highlight ongoing pricing risk to the US clinical lab industry in an environment centered on austerity and reducing healthcare costs."