Attorney general will investigate pharmacists' complaints about reimbursements | Arkansas Blog

Thursday, February 8, 2018

Attorney general will investigate pharmacists' complaints about reimbursements

Posted By on Thu, Feb 8, 2018 at 4:43 PM

click to enlarge COMPLAINTS: Pharmacists turned out at force at the Capitol last week for hearing on drug reimbursement practices under Medicaid. - KARK
  • KARK
  • COMPLAINTS: Pharmacists turned out at force at the Capitol last week for hearing on drug reimbursement practices under Medicaid.

Attorney General Leslie Rutledge
says she will review Arkansas pharmacists' complaints about insufficient reimbursements for drugs set by CVS Caremark, a pharmacy benefit manager.

Rutledge echoed pharmacists' complaint at a Capitol hearing last week that the reimbursements didn't cover the cost of the drugs covered by Medicaid under the Arkansas Works plan. The situation had already developed (and a similar complaint has been made in other states) but it worsened when Blue Cross, which covers more people in the state, adjusted its reimbursement system. It had been paying for cost of the drug and an administrative fee, but had cut reimbursements to hold down costs under pressure from the state to reduce Medicaid expenditures. A major complaint concerned cuts in the reimbursements for cheaper generic drugs.

Blue Cross uses Caremark as a pharmacy benefits provider. Caremark told the Arkansas Democrat-Gazette that it makes money on 18 percent of prescriptions, loses on 9 percent and breaks even on the rest.

Rutledge has taken the side of the Arkansas pharmacists.

Earlier this year, the Attorney General began reviewing reports that CVS Caremark reduced its reimbursement rate for pharmacies in the Arkansas Health Insurance Marketplace. In roughly 20 percent of prescription fills, prescription reimbursement rates reportedly dropped lower than purchase costs. Local pharmacists are forced to cover the additional costs of these rate changes, which impacts their bottom line and could lead to these businesses closing their doors. Investigators and attorneys have requested information pertinent to establishing if the reimbursement rate change triggers provisions of Arkansas’s Deceptive Trade Practices Act

Tags: , , , , ,


Favorite

Comments (4)

Showing 1-4 of 4

Add a comment

 
Subscribe to this thread:
Showing 1-4 of 4

Add a comment

More by Max Brantley

Readers also liked…

  • Among the last words from Kenneth Williams: 'Finger Lickin' Good Fried Chicken'

    What's purported to be a final-words essay from condemned prisoner Kenneth Williams was distributed today by Deborah Robinson, a freelance journalist in Arkansas.  He reflects on his execution, his victims, reactions of inmates and big servings of fried chicken, which he says are given to all inmates on execution days.
    • Apr 27, 2017
  • Baseball fans have a new place to stay

    If you missed out on Razorback baseball home games this year because you couldn’t find a great place to stay, your problem is now solved: Staybridge Suites of Fayetteville is now fully renovated and located directly across from Baum Stadium, with free parking for hotel guests.
    • May 22, 2017
  • Rep. Mary Bentley's website now supports gay rights

    Somebody has cybersquatted on Republican Rep. Mary Bentley's website, replacing her messaging with a call for equal rights for LGBTQ people.
    • Jul 18, 2017

Slideshows

  • Arkansas vs Ole Miss at War Memorial stadium in Little Rock, Saturday, Oct. 13, 2018. After leading for much of the game, Arkansas lost 37-33 when Ole Miss scored the game winning Touchdown with less that 2 minutes left. 
  • Margaret Clark Adventure Park
    New sculptures, preschoolers play area dedicated in Riverfront Park in Little Rock.

Most Recent Comments

 

© 2018 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation