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Tennessee_State_Capitol_2009

President of Tennessee Pharmacy Association Urges Against Governor’s Proposed Medicaid Reimbursement Cuts

Gov. Bill Haslam’s proposed budget cuts for the coming fiscal year will cut TennCare’s spending tremendously, effecting Tennessee’s already limited reimbursement rates for pharmacies. These reduced reimbursement rates on brand-name, generic and specialty drugs if enacted will severely effect Medicaid patients, community-based pharmacies and local communities. In an Op-ed penned by the president of the…

biosimilar

Notification Requirements Will Limit Savings From Biosimilars

Biosimilars are expected to reduce spending on biologic medications by as much as $250 billion over ten years, according to pharmacy benefits manager Express Scripts. This is welcome news for patients now struggling with high out-of-pocket costs and health payers, including state and federal health payers. The State of Washington’s Office of Financial Management (OFM)…

A standard orange prescription bottle full of yellow pills. The information on the label has been covered. A few pills sit outside the bottle, at its base.

Community Pharmacists Continue to Struggle with Below-Cost Reimbursements for Generic Drugs

For Hashim Zaibak of Hayat Pharmacy in Brookfield, Wisconsin, “There isn’t a single day in the pharmacy where we don’t dispense a prescription in which the reimbursement is below cost.” Unfortunately, many community pharmacists nationwide are in the same situation of paying more for generic medications than they are being reimbursed. In the wake of…

RXPrescription

Proposed Legislation in Florida Will Help Community Pharmacies Stay in Business; Care for Patients

Image trying to run a business without knowing how much you will be paid for your products or services in advance? Sadly, this is an all-too-common scenario for community pharmacies nationwide, including for Polycarp Agbara, owner of Eagle Lake Pharmacy in Lakeland, FL. However, proposed legislation in Florida could change this by requiring pharmacy benefit…