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NACDS says N.Y. Legislature made right choice in rejecting cut in Rx state funding


ALEXANDRIA, Va. The New York State Legislature's rejection of a cut in state funding for pharmacy services has won praise from an organization representing retail pharmacy chains.

The National Association of Chain Drug Stores released a statement Friday said the proposed cuts, part of a deficit-reduction plan, would have reduced pharmacy reimbursement for brand-name drugs under Medicaid and the Elderly Pharmaceutical Insurance Programs by $40 million, to the average wholesale price minus 17.25%.

"By removing pharmacy services from the chopping block, the New York State Legislature has delivered a beacon of hope for pharmacies and the patients they serve," NACDS president and CEO Steven Anderson said in a statement. 

"Times are tough in New York and across the nation, but pharmacy has an important story to tell as the face of neighborhood health care." 

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