Only Slightly better than Obamas Plan
For its latest trick, The federally created senior citizen health care plan won't pay fair market value for prescription drugs. Effective April 16, Walgreens drugstores across the state won't be taking any new Medicaid patients, saying that filling their prescriptions is a money-losing proposition — the latest development in an ongoing dispute over Medicaid reimbursement.
This is the same government that wants to takeover health care and then not-pay those bills either.
Walgreens states that its decision to not take new Medicaid patients stems from a "continued reduction in reimbursement" under the state's Medicaid program, which reimburses it at less than they can tolerate and stay in business. The expressed concern is 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.
Pharmacies take money from people who do not have insurance. Or they charge the insurance companies depending on the plan. Then they pay their pharmacologists, pay rent and pay other bills. We expect them to pay their bills. The electric company expects to be paid.
So, what is next for Obama and the new federal health care plan. We will be forced to buy it - literally forced by the IRS (read the bill) - and we are going to have to pay our bills.
But look who doesn't have to pay theirs.