Medicaid cuts would hit pharmacy hardest

October 2005
Drug Topics;10/24/2005, Vol. 149 Issue 20, p6
Trade Publication
This article focuses on the proposal of the Bush administration to cut Medicaid spending in the U.S. A total of amount 10-billion dollar is planned by the government to take from medical spending in over five years. People in the pharmaceutical community are concerned with the impact of the cuts on their job due to the plausibility of a financial loss among pharmacies as a result to the changes made on reimbursement formula. On the other hand, if Congress worked with community pharmacists to boost generic substitution, Medicaid could save 19 billion dollars over the same period.


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