CMS has announced a new initial Medicare payment rate for laboratory services, which is expected to save taxpayers $1 billion a year; at the same time, the agency plans to finalize the 2027 calendar year payment rate for clinical diagnostic laboratory tests under the “Clinical Laboratory Fee Schedule” in November 2026, and the final rate will take effect on January 1, 2027.

CMS has announced a new initial Medicare payment rate for laboratory services, which is expected to save taxpayers $1 billion a year; at the same time, the agency plans to finalize the 2027 calendar year payment rate for clinical diagnostic laboratory tests under the “Clinical Laboratory Fee Schedule” in November 2026, and the final rate will take effect on January 1, 2027.