Pharmacies Will Lose 36% on Medicaid Prescriptions, Report Says

WASHINGTON -- Pharmacists will lose an average of 36% on every Medicaid prescription they fill, according to an analysis dated Dec. 22, 2006, and released publicly this week by the Government Accountability Office here.

WASHINGTON -- Pharmacists will lose an average of 36% on every Medicaid prescription they fill, according to an analysis dated Dec. 22, 2006, and released publicly this week by the Government Accountability Office here. The analysis used the new formula for reimbursing pharmacies, 250% of the lowest Average Manufacturer‘s Price for the drugs, and was based on a sample of the most prescribed and highest-cost prescriptions used by Medicaid recipients. "In essence, CMS is forcin

Register to view the full article

Already a member? .