Study: Medicaid Cuts May Force 11,000 Pharmacies to Close

Reaffirming past estimates, an economic impact study of the Deficit Reduction Act of 2005 found that 11,105 pharmacies across the country could close due to reductions in the Medicaid reimbursement rate, which is well below their cost to fill prescriptions.

ALEXANDRIA, Va. — Reaffirming past estimates, an economic impact study of the Deficit Reduction Act of 2005 found that 11,105 pharmacies across the country could close due to reductions in the Medicaid reimbursement rate, which is well below their cost to fill prescriptions. The report was released jointly yesterday by the National Association of Chain Drug Stores here and the Food Marketing Institute, Arlington, Va. It analyzes the potential impact of the DRA on pharmacies, and encompasses c

Register to view the full article

Already a member? .