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Walgreens: no new Medicaid patients as of April 16

 
Anonymous Coward
User ID: 918766
Australia
03/18/2010 09:35 AM
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Walgreens: no new Medicaid patients as of April 16
[link to seattletimes.nwsource.com]


Walgreens: no new Medicaid patients as of April 16

Walgreens will stop taking new Medicaid patients in Washington state as of April 16, saying it loses money filling their prescriptions.

By Janet I. Tu

Seattle Times staff reporter

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.

Doug Porter, the state's director of Medicaid, said Medicaid recipients should be able to readily find another pharmacy because "we have many more pharmacy providers in our network than we need" for the state's 1 million Medicaid clients.

He said those who can't can contact the state's Medical Assistance Customer Service Center at 1-800-562-3022 for help in locating one.

Along with Walgreens and Bartell, the Ritzville Drug Company in Adams County announced in November that it would stop participating in Medicaid.

Fred Meyer and Safeway said their pharmacies would continue to serve existing Medicaid patients and to take new ones, though both expressed concern that the reimbursement rate is too low for pharmacies to make a profit.

The amount private insurers and Medicaid pay pharmacies for prescriptions isn't the actual cost of those drugs but rather is based on what's called the drug's estimated average wholesale price. But that figure is more like the sticker price on a car than its actual wholesale cost.

Washington was reimbursing pharmacies 86 percent of a drug's average wholesale price until July, when it began paying them just 84 percent. While pharmacies weren't happy about the reimbursement reduction, the Department of Social and Health Services said that move was expected to save the state about $10 million.

Then in September came another blow. The average wholesale price is calculated by a private company, which was accused in a Massachusetts lawsuit of fraudulently inflating its figures. The company did not admit wrongdoing but agreed in a court settlement to ratchet its figures down by about 4 percent.

That agreement took effect in September — and prompted a lawsuit by a group of pharmacies and trade associations that said Washington state didn't follow federal law in setting its reimbursement rate, and that that rate is too low. The lawsuit is pending.

"Washington state Medicaid is now reimbursing pharmacies less than their cost of participation," said Jeff Rochon, CEO of the Washington State Pharmacy Association.

Pharmacies that continue to fill Medicaid prescriptions at the current state reimbursement rate are "at risk of putting themselves out of business altogether," he said.

Information from Seattle Times archives was used in this report.
Pilot_007

User ID: 742855
United States
03/18/2010 09:36 AM

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Re: Walgreens: no new Medicaid patients as of April 16
IT'S STARTING: REGIONAL WALGREENS SAYS 'NO NEW MEDICAID' FyreStorm 1 45 N/A 03/18/10
12:18 AM 03/18/10
12:34 AM
IT'S STARTING: REGIONAL WALGREENS SAYS 'NO NEW MEDICAID' PATIENTS AS OF APRIL 16... mathetes 7 127 N/A 03/17/10
9:43 PM 03/18/10
12:20 AM
Walgreens: no new Medicaid patients as of April 16 Anonymous Coward 0 19 N/A 03/18/10
12:12 AM 03/18/10
12:12 AM
Walgreens: no new Medicaid patients as of April 16 pin this now oh shit here it starts 2 68
(2 votes) 03/17/10
9:56 PM 03/17/10
10:05 PM
It's Starting! Walgreens: no new Medicaid patients as of April 16 sd1975 0 35 N/A 03/17/10
10:03 PM 03/17/10
10:03 PM
IT'S STARTING: REGIONAL WALGREENS SAYS 'NO NEW MEDICAID' PATIENTS AS OF APRIL 16... Anonymous Coward 6 105 N/A 03/17/10
9:12 PM 03/17/10
9:21 PM
Home protection-
Use of deadly force; presumption of fear of death or great bodily harm
Anonymous Coward
User ID: 919096
United States
03/18/2010 09:37 AM
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Re: Walgreens: no new Medicaid patients as of April 16
Wow.

See. Health care is out of control. New legislation or not.

Good health and profits are inherently contradictory.
Anonymous Coward
User ID: 915677
United States
03/18/2010 10:01 AM
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Re: Walgreens: no new Medicaid patients as of April 16
look at this.

A few years ago i went to my locally owned drug store to get a script of 60 oxycodone filled, their price was $127 so i said no, i went to my local grocery store that has a pharmacy to and they quoted me $87 i said no
So i went to wally world and they were $23 there so i had it filled and this was the exact same drug made by the same exact manufacturer and you can bet that even this price difference of well over $100 cheaper that even walmart is making a profit.

So u can see how much they make on these drugs as they are way overpriced 1000,s of times and are that way to cover what medicaid and such dont pay for,its all a big scam
COLLECTIVIST RISKPOOLS
User ID: 616315
United States
03/18/2010 10:49 AM
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Re: Walgreens: no new Medicaid patients as of April 16
THAT'S RIGHT

HEALTHY PEOPLE WHO WANT TO PURSUE AN ORGANIC, FAIR TRADE, HOLISTIC DIET SPELL THE END OF A SYSTEM BASED ON DIS EASE
AND DYS FUNCTION

IT DIES WITH THE BABY BOOM WHO BOUGHT INTO THE PILL MYTH

THIS IS THE LAST GASP OF A DYING PARADIGM THAT WANTS TO CASH IN ON THE OBESE AND CORPULENT STRAGGLERS THAT WON'T QUIT SMOKING OR STOP DESTROYING THEMSELVES WITH JUNK FOOD

THEN WHEN THEY FIGHT TO GET THEIR 'FREE' HEALTHCARE IN PLACE
THEY PULL THE RUG OUT FROM UNDER THEM BECAUSE ITS UNAFFORDABLE NOW

LEARN TO HEAL YOURSELF WITH MINERAL SUPPLEMENTS & NATURAL HERBS WHILE YOU STILL CAN

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