Medicare Driving Small Businesses Out

Medicare Drug Program News

Medicare Payment Delays Driving Pharmacies Out of Business, They Say

Average 3 store closures per day in 2006, first year of drug program

June 14, 2007 – Senior citizens may be getting their drugs cheaper through Medicare Part D, but they may soon have problems finding a place to get their prescriptions filled. In 2006, on average, more than three community pharmacies closed everyday, as a result of slow reimbursement by Medicare during the first year of the prescription drug program, according to the National Community Pharmacists Association. Read more...