Wednesday, February 22, 2006

Small Pharmacies In Trouble

At least one local pharmacy has been forced to shut down because they aren't being paid by the Plan D insurance companies in a timely fashion.

Pharmacies have received nothing from some insurance companies since the program began on 1 January. This interruption of cash flow can be cushioned by the reserves of a corporate chain, but the small owner-operated stores are in trouble.

Stores that have received payments say that the amount paid is less than they had been receiving, so they'll have to start making cuts.

As usual, the corporations are cushioned, but small businesses take a hit.

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