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NCPA Statement in Response to President Bush's FY 2009 Budget Proposal
Date:2/4/2008

ursement set at a maximum 250 percent of AMP will lead to reimbursements falling 36 percent below acquisition costs. Using a reduced 150 percent figure will likely cause reimbursement to fall more than 50 percent below the costs of the drugs themselves, without even considering the cost to dispense drugs.

In a recent report, Stephen W. Schondelmeyer, PharmD, PhD, director of the PRIME Institute at the University of Minnesota, provided dire warnings about the effects of the previously adopted Medicaid cuts that have been put on hold pending the results of litigation. Dr. Schondelmeyer indicated the retail pharmacy industry could see a loss of 10,000-12,000 pharmacies. The President's newest proposal only exacerbates the situation. While any small business owner will tell you that running a business based on these numbers is ruinous, the true victim of this policy will be the patient whose access to prescription drugs will be limited.

The National Community Pharmacists Association, founded in 1898, represents the nation's community pharmacists, including the owners of more than 23,000 pharmacies. The nation's independent pharmacies, independent pharmacy franchises, and independent chains dispense nearly half of the nation's retail prescription medicines. To learn more go to http://www.ncpanet.org.


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SOURCE National Community Pharmacists Association
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