121 Walgreens Stores to Stop Taking New Medicaid Patients

More than a hundred Walgreens drugstores will stop accepting new Medicaid patients next month because the company claims it is losing money, the Seattle Times reported Thursday.

Citing "continued reduction in reimbursement" payments, Walgreens said it made the decision to stop taking new Medicaid patients at 121 stores in Washington state.  The drugstore chain claims the state's Medicaid program reimburses it at less than the break-even point for 95 percent of brand-name medications given to Medicaid patients, according to the newspaper.

The policy change will reportedly go into effect April 16.

In February, Bartell Drugs made a similar move, opting to stop accepting new Medicaid patients at 57 of its stores in Washington state.

Click here to read more on this story from the Seattle Times.