Walgreen plans Medicaid protest

Crain's Chicago Business reports:

Drugstore company Walgreen Co. said on Monday it would pull almost half its pharmacies in Washington state from the U.S. Medicaid program in protest against the state's plan to cut reimbursements for costly, brand-name drugs.

Cash-strapped Washington state plans to insist on cheaper, generic drugs for low-income Medicaid clients whenever available and equivalent to brand-name drugs. That would severely impact the "economic viability of doing business in Washington," Walgreen said in a statement.

The struggles of socialist medicine.