Check Out the battle over Medicaid money.
Pharmacy chain Walgreen Co and Delaware are playing hardball in a battle over cuts in prescription drug reimbursements — a model other cash-strapped states could follow as they try to compensate for budget shortfalls.
Delaware plans to reduce the amount it reimburses pharmacies for filling Medicaid prescriptions though by half as much as it previously intended.
Medicaid provides health insurance to low income people and is jointly funded by states and the federal government.
Walgreen, Delaware’s largest pharmacy with 62 stores, says it would lose money on most branded drug prescriptions it fills for Medicaid patients under the state’s new plan. It will now stop taking Medicaid prescriptions as of July 6.
So far, the 100 or so other pharmacies in Delaware are not taking Walgreen’s cue.
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(Photo/Reuters)
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