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Posted by: bj | March 18, 2010

Walgreens Stops Taking Medicaid Patients

If Obama’s Health Care plan becomes law (the vote is this week) the problems described below will increase DRAMATICALLY.  Besides raising taxes and costing $2.6 trillion over the next 10 years, it will reduce Medicare Payments to Seniors by $500 billion.  Obama, Pelosi and Reid and the liberal, progressive democrats in Congress need to be thrown out in November 2010 and November 2012.

Walgreens News release March 15, 2010

http://news.walgreens.com/article_display.cfm?article_id=5288

Effective April 16, Walgreens drugstores across the state won’t take any new Medicaid patients, saying that filling their prescriptions is a money-losing proposition — the latest development in an ongoing dispute over Medicaid reimbursement.

The company, which operates 121 stores in the state, will continue filling Medicaid prescriptions for current patients.

In a news release, Walgreens said its decision to not take new Medicaid patients stemmed from a “continued reduction in reimbursement” under the state’s Medicaid program, which reimburses it at less than the break-even point for 95 percent of brand-name medications dispensed to Medicaid patents.

Walgreens follows Bartell Drugs, which stopped taking new Medicaid patients last month at all 57 of its stores in Washington, though it still fills Medicaid prescriptions for existing customers at all but 15 of those stores.

 Seattle Times – March 17, 2010     Seattle Times staff reporter

http://seattletimes.nwsource.com/html/localnews/2011367936_walgreens18m.html

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