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KLK

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Are pharmasists making 36% profit on generic drugs?
« on: September 08, 2007, 10:16:51 AM »

According to the Monroe News, pharmacists stand to lose an average of 36% for medicaid prescriptions they fill under the new Medicaid generic prescription drug reimbursment rule.

http://www.monroenews.com/apps/pbcs.dll/article?AID=/20070906/NEWS01/109060050/-1/NEWS

The new rule bases reimbursement for generic drugs on the 'average manufacture price', according to a December report by the U.S. Government Accountability Office.

What effect will this have on insurance companies and those of us who actually still have health care benifits? Will the losses that pharmacies realize be passed along to insurance companies for our prescriptions causing even more escalated costs for health care?

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Jacob Espinoza

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Re: Are pharmasists making 36% profit on generic drugs?
« Reply #1 on: September 09, 2007, 09:54:05 AM »

It's not fair to characterize it as "36 percent profit." It sounds as if they are getting reimbursed at 36 percent less than the cost their suppliers charge them.

But, obviously, to make up that loss, they'd probably raise prices on other stuff. Probably not drugs, but candy bars, mouthwash, toothpaste or any other incidentals people sometime buy while they're at the drugstore.

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