Biden plan to save Medicare patients money on drugs risks empty shelves, pharmacists say

Independent pharmacists are struggling financially due to new Medicare policies that reduce drug costs for patients. The changes in prescription pricing have resulted in lower reimbursement for pharmacies at the time of purchase, causing cash flow issues. Pharmacies are facing staff shortages, drug shortages, and rising operating costs, leading some to cut back on medications and stop accepting certain Medicare drug plans. President Biden’s administration has implemented measures to make drugs more affordable for Medicare patients, but some pharmacists are still experiencing financial hardships. The Pharmaceutical Care Management Association opposes the new policy, warning that pharmacies could receive lower payments.

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