Is Medicare Killing Your Local Pharmacy? Rural Drug Stores in trouble

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Is Medicare Killing Your Local Pharmacy? Rural Drug Stores in trouble Video Clips. Duration : 2.65 Mins.

We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from good Medicare Ohio . Clip thanks to www.medstores.net Don Walden owns the Medical Arts Pharmacy in Columbus, Mississippi, one of those small town, side of the road drug stores where they sell prescription drugs. But Walden may have to sell this business and lay off his 10 employees. And the blame, he says, goes to Medicare part D, the new drug benefit for senior citizens. "It's put me in a situation where my life's earnings have gone right out the window," Walden says. This year, as Walden dispensed prescription after prescription, Medicare part D, at least indirectly, was dispensing with most of his profit. Walden says the problem is that seniors get Medicare coverage through private insurance companies, which in turn, have lowered the fees and reimbursements they pay him. "What they don't realize is they are putting us all out of business," Walden says. That's not one of Walden's jokes. Gone this year is the old Taylor Drug Store in tiny Granville Ohio. There is no more Centenniel Merit Drugs in Monte Vista Colorado. When Randy Spainhour closed down Penslow's pharmacy in Holly Ridge North Carolina, he mailed his license back blaming, the "low reimbursement of Medicare." A lot of these small town pharmacists are selling to the big chains, like Walgreens or Rite Aide, which typically offer to hire the pharmacist to work for them. This isn't illegal. The chains say they're just helping small businesses in trouble. The chains want Walden to sell too, but he doesn't describe that as help. "They ...

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