Weekly Recap: Medicare lab payment cuts and Labcorp growth targets
Labcorp Holdings Inc. (NYSE:LH) plunged after CMS proposed cutting Medicare lab payments to private-sector levels, with shares down intraday and 5.9% premarket to $254.42; the company warned the steep 2027—2029 cuts could threaten access but reaffirmed 2026—2029 targets of 5—8% revenue CAGR and mar…