Doctors aren't the only ones waiting, sad but small pharmacies can't wait this long and sustain large lines of credit either. The small pharmacies are getting crowded out by the large drug store chains. Last year the number decreased by over 1500. BD
Medicare prescription drug plans can take as long as 45 days to reimburse pharmacies for medications dispensed, and the delays have caused three community pharmacies to close each day since the program began, according to groups that represent community pharmacies, CongressDaily reports. According to the National Community Pharmacists Association, delays in reimbursements from Medicare prescription drug plans for medications dispensed have forced community pharmacies on average to open $700,000 lines of credit, compared with $250,000 in the month before the program began.
Source: Medicare | Medicare Payment Delays Cause Community Pharmacies To Close - Kaisernetwork.org
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