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CMS lab reimbursement better than expected, says Wells Fargo

After CMS announced that the final Hospital Outpatient Prospective Payment System for 2014 would increase 1.8%, in-line with CMS' initial proposal, Wells Fargo notes that the reimbursement rate for independent labs will be cut 5%, versus a 26% reduction in CMS' original proposal. However, the firm warns that there may still be some concern that lab reimbursement levels will be cut to pay for the "doc fix" at the end of the year. It keeps an Overweight rating on the hospital sector.