NACDS points out error in Medicaid article

NACDS has sent a letter to The Wall Street Journal to correct information in an article entitled, "Medicaid Proposal Is Bitter Pill for Pharmacies." Although the article, which appeared on March 28, noted the serious threat the Deficit Reduction Act poses to community pharmacy, it incorrectly noted that the federal Medicaid program reimburses the pharmacy for the cost of the medications while the states pay dispensing fees. Reimbursements for both components of the prescription—medication cost and dispensing fee—are made by the states, based on federal guidelines. The federal government pays each state its share of prescription drug program expenditures based on that individual state's matching rate.

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