Javascript Menu by Deluxe-Menu.com

Advanced Search
Home Breaking News Newsletters Books & Reports Events Jobs Interviews e-Alert Contact Us
About G2 Awards & Scholarships Blogs & Online Resources G-2 Advisory Services Advertising List Rentals Renewals Privacy
Medicare Part B Lab Spending Up 3.3% to $7.3 Billion in 2008

Medicare Part B spending on clinical laboratory services continues to increase, with 2008 spending totaling $7.3 billion, an increase of over 3 percent from 2007 totals, according to the latest data from Centers for Medicare & Medicaid Services’s 2009 Medicare Trustees Report. The Medicare program covered a total of 45.2 million enrollees in 2008.

Total Medicare program spending increased by 8.4 percent to reach $468 billion in 2008, as compared with $431.7 billion in 2007. This means that Part B lab services spending made up 1.6 percent of the total Medicare spending for last year. Of the $7.3 billion total for Part B lab services, 59 percent or $4.3 billion was comprised of spending for lab-related carrier services—which include independent and physician office labs. This is an increase of 4 percent over 2007’s total of $4.1 billion. Forty-one percent—or $3 billion—was from intermediary lab-related services, which include hospital outpatient and outreach testing services. This represents an increase of 2.5 percent from 2007’s total of $2.9 billion.

For more on this story, please read the June issue of Laboratory Industry Report.

Home Privacy Awards & Scholarships Contact Us Advertising Blogs & Online Resources List Rentals

Copyright © 1999-2010 Washington G-2 Reports. No portion of the material presented on this site may be used without express written permission from authorized personnel at Washington G-2 Reports. Washington G-2 Reports is an operating unit of IOMA, the Institute of Management & Administration