Thursday, March 18, 2010

The future under Obamacare

Medicaid is busting the US budget but it still doesnt have the money to pay companies and hospitals what their services are actually worth. What happens when everyone is covered by this type of government health care?

Shortages, waiting, rationing, and suffering and death.

I implore you to go here and read the zillion articles about the deaths and suffering caused by socialized medicine.

Walgreens: no new Medicaid patients as of April 16

Effective April 16, Walgreens drugstores across the state won't take any new Medicaid patients, saying that filling their prescriptions is a money-losing proposition — the latest development in an ongoing dispute over Medicaid reimbursement.

In a news release, Walgreens said its decision to not take new Medicaid patients stemmed from a "continued reduction in reimbursement" under the state's Medicaid program, which reimburses it at less than the break-even point for 95 percent of brand-name medications dispensed to Medicaid patents.

Washington was reimbursing pharmacies 86 percent of a drug's average wholesale price until July, when it began paying them just 84 percent. While pharmacies weren't happy about the reimbursement reduction, the Department of Social and Health Services said that move was expected to save the state about $10 million.

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Hat tip to AnotherBlackConservative for pointing me to this story.

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