WASHINGTON -- President Bush‘s proposed budget for 2008 has stirred up a firestorm in the pharmacy and drug industries. Pharmacists in particular are concerned because $1.2 billion would be cut from pharmacy reimbursement for generic medications in the Medicaid program over the next five years. Media reports said the aim of the budget was to slow growth of the Medicare and Medicaid programs. Pharmacists have already said that reimbursements were too low to cover their costs.
Bush Budget Proposal Prompts Pharmacy Furor
WASHINGTON -- President Bush's proposed budget for 2008 has stirred up a firestorm in the pharmacy and drug industries.