Walgreens To Stop Filling Medicaid Prescriptions At Nearly Half Of Its Pharmacies In The State Of Washington As Of May 1

As a result of extreme reimbursement cuts in the State of Washington Medicaid program, Walgreens (NYSE:WAG)(NASDAQ:WAG) announced it will withdraw 44 of its pharmacies from the state’s Medicaid program as of May 1. These 44 pharmacies represent more than 60 percent of the company’s total Medicaid business in the state and are found in communities large and small. Walgreens operates 111 pharmacies throughout Washington.

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Filed under: Medicare / Medicaid / Tricare on April 1st, 2009