tci Medicare Compliance & Reimbursement - 2007 Issue 29

PHARMACISTS: Come October, Rates For Generics May Get Scary

Beware final rule for Medicaid payments.If your revenue includes Medicaid payments, read the fine print of a rule released this month: The survival of your business may depend on it.On July 6, the Centers for Medicare & Medicaid Services (CMS) took its latest step toward steep cuts in what Medicaid will pay for generic drugs by issuing the final rule "Medicaid Prescription Drugs: Average Manufacturer Price." The agency called the move an effort to control "inflated drug payments" to pharmacies.Community pharmacists are likely to hear that claim as a call to arms, experts say."The...

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