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H.R. 3140, The Saving Our Community Pharmacies Act of 2007 (1 comment ↓)
- This item is from the 110th Congress (2007-2008) and is no longer current. Comments, voting, and wiki editing have been disabled, and the cost/savings estimate has been frozen.
H.R. 3140 would amend title XIX of the Social Security Act to ensure and foster continued beneficiary access to generic drugs under the Medicaid Program by setting pharmacy reimbursement based on retail acquisition cost and to promote the use of generic drugs.
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Chris Kirby
The current formula for AMP would reimburse phamacies an average of 36% below actual cost for Medicaid rx's. Only two things can arise from this. One, our most vulnerable citizens, those on medicaid will find it difficult to get their meds, and secondly pharmacies whose customers are primarily medicaid recipients will be forced out of business. Neither of those outcomes serves anyone.