Covid Lab Test Prices Can Reach 10 Times Medicare���s Rate, Causing Outcry

USA Today: 'Hog Wild': Insurers, Consumers Decry Coronavirus Test Costs As Labs Charge Up To $14,750 "> USA Today: 'Hog Wild': Insurers, Consumers Decry Coronavirus Test Costs As Labs Charge Up To $14,750

When Congress passed emergency legislation last year to get people quick and free access to COVID tests amid a nationwide shortage, lawmakers mandated key stipulations. Health insurance companies had to cover the test with no financial obligation to consumers and pay the list price for labs outside the insurers' networks. But some insurers and cost-conscious consumers are fighting what they consider high-priced tests from labs that charge 10 times or more than Medicare’s rate of $51 per test. The insurers allege in lawsuits that some labs are profiteering in the midst of a pandemic, but labs contend insurers are withholding payments for legitimate services desperately needed to protect patients and help public health track the virus. (Alltucker, 9/20)

Source : https://khn.org/morning-breakout/covid-lab-test-prices-can-reach-10-times-medicares-rate-causing-outcry/

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