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Medicaid drug-price cuts blocked in Washington
Washington Gov. Chris Gregoire’s proposed budget would pay less for brand-name pharmaceuticals in an effort to steer pharmacies toward cheaper generic drugs, which could help the state save $109 million. Pharmacies argue the state is ignoring the harm such cuts would cause if started today, and a federal judge has temporarily blocked the plan. Walgreen Co., the state’s largest medication retailer, says 44 of its pharmacies would withdraw from the program and quit filling Medicaid prescriptions if the price cuts took hold.
Original story
Labels: brand-name pharmaceuticals, budget, Chris Gregoire, generic drugs, Medicaid, Walgreen Co., Washington
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