Managed Care Weekly Digest
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Medicare and Medicaid
Pharmacists Fight to Protect Patient Access to Medications
June 18th, 2007
Today, the California State Legislature Budget Conference Committee met to begin discussing Governor Schwarzenegger's proposed budget. The Governor has called for a $40 million savings to the state Medi-Cal program, realized, in part, from the federal implementation of Average Manufacturer Price (AMP), a new method for calculating drug cost reimbursement. The majority of these cuts will arise from lower payments to pharmacies that fill prescriptions for Medi-Cal patients. California pharmacies have already taken a substantial financial hit with the implementation of the federal Medicare Part D program which provides prescription coverage to the elderly and disabled. Many pharmacies that...
Source: Managed Care Weekly Digest (2007-06-18)
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