Senator Ted Kennedy (D-MA) has introduced S.736, a bill to provide for the regulation and oversight of laboratory tests. The bill is co-sponsored by Senator Gordon Smith (R-OR), who chaired last year’s hearing by the Special Committee on Aging on a Government Accountability Office (GAO) report that concerned the growing phenomenon of direct-to-consumer genetic tests. Despite lobbying efforts that have called for more time to deliberate on the legislation, Kennedy intends to "fast-track" the bill, which has been referred to the Senate Committee on Health, Education, Labor, and Pensions.

Subscribers: click here for the full story

Non-Subscribers: click here to subscribe

April 2007 - Table of Contents

LIR April 2007 (full PDF issue)

Financial Benchmarks at 10 Major Labs: Quest and LabCorp See Gains in Revenue and Profit Per Billable Test

Aetna’s Lab Is Quest, LabCorp Takes a Hit

Kennedy to Fast Track New Bill to Regulate Lab Tests

Decatur Memorial Hospital Laboratory Enters the Molecular World

Benchmarking the Major Labs

Genova Diagnostics Buys Texas Reference Lab

Beckman Coulter to Buy Biosite for $1.55 billion

CMS Continues Rolling Out Medically Unlikely Edits

MDS Completes $615M Purchase of Molecular Devices

Lab Stocks Rise 3% Led by Orchid and Clarient

Biggest Challenges for AP Practices