Quest Diagnostics 2014 Annual Report Download - page 27

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The U.S. healthcare system is evolving, and our business could be adversely impacted if we fail to adapt.
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The clinical testing business is highly competitive, and if we fail to provide an appropriately priced level of service or
otherwise fail to compete effectively it could have a material adverse effect on our revenues and profitability.
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Government payers, such as Medicare and Medicaid, have taken steps to control the utilization and reimbursement of
healthcare services, including clinical testing services.
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