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Resource ID: #20442
Subject: Pharmaceuticals
Source: Wall Street Journal (New York)
Affiliation: 
Date: 30-Jun-99

Description

According to the article, "Independent pharmacies have been struggling for years, owing to competition from large drugstore chains. But in Philadelphia, even three of the highly efficient chains--CVS, Walgreen's and Eckerd--have quit filling many Medicaid prescriptions because of the reimbursement rates. But not Rite Aid. It has 157 drugstores in the Philadelphia area, and the more rivals give up, the more prescriptions Rite Aid fills and the more over-the-counter items it sells to prescription customers. The low Medicaid reimbursement rates don't bother Rite-Aid."

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