Pharmacy News EU

ALEXANDRIA, Va., July 27 The National Association of Chain Drug Stores issued the following news release:
The National Association of Chain Drug Stores (NACDS) urged Congressional leaders to extend the increased federal medical assistance percentage (FMAP) provided in the American Recovery and Reinvestment Act by six months – through June 30, 2011.
In a letter to Senate Leadership today, NACDS urged Congress to expedite the extension either as a freestanding measure or as part of some other legislation the Senate intends to pass before the August district work period begins. NACDS stressed the critical nature of this extension amidst state budget crunches and the impact on cuts to Medicaid.
"On July 1st many states submitted their FY2011 budgets. Unfortunately, this has meant that states are being forced to make further cuts to Medicaid and other programs, which will reduce access to critical healthcare products and services including prescription medications and related pharmacist services. It may also result in increased taxes as states seek to meet their balanced budget requirements. These actions would create a further drag on the economy and may result in additional job loss. Passage of FMAP will help to stem potentially devastating cuts."
NACDS’ engagement in this issue at the federal level complements its state government affairs work, in conjunction with state pharmacy and retail associations and national association partners.
To review a copy of the letter, click here mv45 100728-2931366 61MarlynVitin
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