2/5/2004

Following Maine's decision to reduce its payments for branded prescription drugs for Medicaid patients, Rite Aid announced it will shorten the pharmacy hours at nine Maine locations. "In many cases, the new lower rate won't cover what it costs Rite Aid to fill a prescription," said Rite Aid CEO Mary Sammons. "Retail pharmacy cannot afford to continue to absorb continued reimbursement reduction to make up the MaineCare deficit."

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