Independents still in dire straits over Part D

April 10, 2006

A new survey that NCPA faxed to 5,000 pharmacies found that even though some Medicare Part D problems have moderated since the drug benefit started in January, many problems remain. Out of 525 pharmacies that responded to the survey, more than nine out of 10 respondents said their cash flow is worse than before the drug benefit started.

Independents still in dire straits over Part D

A new survey that NCPA faxed to 5,000 pharmacies found that even though some Medicare Part D problems have moderated since the drug benefit started in January, many problems remain. Out of 525 pharmacies that responded to the survey, more than nine out of 10 respondents said their cash flow is worse than before the drug benefit started. More than one-quarter said they have asked their wholesaler for help and/or taken out a line of credit to pay for their drug inventory and payroll, while waiting for the drug plans to issue their reimbursement checks. More than one-third of pharmacy owners said that unless the Medicare Part D cash flow crisis is addressed, they could go out of business.

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