Navigation Links
New Medicare Plan - Mixed Reaction among Pharmacists.

Pharmacists have mixed reaction about the new Medicare Prescription Drug Plan. The cost of prescription will be taken care by the Government Health Insurances for seniors. This is according to the Medicare // reform act.

wary This will result in the uninsured and a few people who buy medications from the Canadian pharmacy back top the market. There will an increase in the sales of drugs. But on the other hand the profit level of the many pharmacies will diminish greatly.

The business will be back but the cash flow and the reimbursements from the insurance companies will be affected.

In According to the present system the pharmacy received cash from Medicare recipients Because initially they did not cover medication bills except for some chemotherapeutic drugs. But now the Medicare will be paying initial cash payments which will be any amount less than $250.

There are currently 40 plans being offered in the state. The huge amount will be born by the insurance companies that come under Centers for Medicare & Medicaid Services (CMS). There are 16 insurance companies called the Pharmacy Benefit Managers (PBM).

The pharmacists are concerned that the reimbursement will be around 8 % less than the usual cost as the cost of the drugs will be determined by the insurance company.

Pharmacist will also not be availed of the benefits provided by the drug companies for filling prescriptions. All this will make matters worse for the pharmacist.

They are concerned about which plan their customers are going to prefer and only then they will know how badly they will be affected.

The insurance company will be paying by check and it will take around 2-4 weeks to be reimbursed. The pharmacist are preparing to build cash reserve in order to adjust the time of payments. This will be only during the period of decreased cash flow.

Once they get used to the system and know their profit margins then they can make arrangements accordingly.


'"/>




Related medicine news :

1. House heads for Medicare drug vote
2. Medicare Drug Deadline not to be extended
3. Medicare Data would help in Drug Validation
4. Medicare Queries Expected To Increase Over Time
5. Medicare to cover services provided by rural health care personnels.
6. Cancer test expenses taken up by Medicare
7. Nurse Practitioners Are Not Recognized By Medicare
8. Medicare Drug Plan Is Not Working in The US
9. Blue Cross Signs Up 110,000 Minnesotans For Part D Medicare Plans
10. Rising Medicare costs
11. Homecare Association Highlights Cost-Effectiveness of Medicare and Medicaid
Post Your Comments:
*Name:
*Comment:
*Email:


(Date:1/20/2017)... ... January 20, 2017 , ... ATP Science, an Australian-based company ... attended the January ECRM Trade Show in Hilton Head, SC, benefiting from outstanding ... range of supplements that keep the body functioning at its peak performance by ...
(Date:1/20/2017)... ... January 20, 2017 , ... "TransFlare 4K Mystique comes ... of Final Cut Pro X," said Christina Austin - CEO of Pixel Film Studios. ... Utilizing the Dragon Sensor,TransFlare 4K Mystique lens flare and light leak transitions have a ...
(Date:1/20/2017)... ... January 20, 2017 , ... “The Angel”: a heartwarming and earnest ... for each of his children. “The Angel” is the creation of published author, Marjorie ... York City, and impassioned writer. , When asked of her new book, Marjorie says, ...
(Date:1/20/2017)... ... January 20, 2017 , ... D R ... Pressure (OPEP) device, was featured in a study indicating superior performance against competitive ... “Analysis of Three Oscillating Positive Expiratory Pressure Devices During Simulated Breathing“ was ...
(Date:1/20/2017)... ... ... “Knowledge is God’s Lighthouse”: a moving and colorful collection of prayers that reminds ... published author, Gene Gaapf, a retired truck driver, and a long-time writer, whose published ... high school and have many different titles,” Gaapf mentions about his different works. “I ...
Breaking Medicine News(10 mins):
(Date:1/19/2017)... ALTO, Calif. , Jan. 19, 2017   ... research, is excited to announce that the first ... Cancer Biology  (RP:CB) have been published in eLife ... this project represents the first practical evaluation of ... result in reproducible studies. Unlike other assessments of ...
(Date:1/19/2017)... 19, 2017 New Review ... Address Motor Symptoms and Motor Complications in Mid- ... ... (Logo: http://photos.prnewswire.com/prnh/20151014/276718LOGO) C ... Neurological Review,2016;11(Suppl. 2): 2-15, http://www.touchneurology.com/articles/safinamide-new-therapeutic-option-address-motor-symptoms-and-motor-complications-mid-late ...
(Date:1/19/2017)... global  pacemaker market  is expected to reach USD 12.3 billion by 2025, according ... cardiac conditions coupled with the availability of medical coverage is a key driving ... devices are supporting the expansion of this vertical. ... ... Logo ...
Breaking Medicine Technology: