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Week of Mon, Dec 10th, 2012

Court lifts injunction halting Medi-Cal reimbursement cut

A federal appeals court has reversed a decision earlier this year to suspend a 10% reimbursement cut in Medi-Cal, California's Medicaid program.

CVS to acquire Medicine Chest pharmacies

CVS Caremark Corp. plans to buy 19 Medicine Chest drug stores in Texas later this month.

Kroger serves up $4 co-pay on diabetes test strips

Kroger Co. pharmacies have launched a program in which diabetes patients with private health insurance can get a $4 co-payment on Kroger Premium blood glucose test strips.

Bartell Drugs hires CFO

Rob Jensen has joined Bartell Drugs as chief financial officer.

LegitScript sinks rogue online pharmacy 'mothership'

LegitScript has shut down MyRxCash.com, an Internet pharmacy affiliate marketing portal that it said was connected to hundreds of websites flagged by drug safety regulators as selling unregulated prescription drugs without a prescription.

Merlo: CVS Caremark 'outperformed' in 2012

CVS Caremark Corp. surpassed its financial goals in 2012 and, with its retail pharmacy/PBM business model, is well-positioned to address the changing health care environment going forward, president and chief executive officer Larry Merlo said at the company's Analyst Day event in New York City.

Poll: People want more control over health care

Eighty percent of consumers think the "consumerization" of health care — people taking a greater and more active role in their own health care — is positive for Americans, a Wolters Kluwer Health survey finds.

NABP action plan zeroes in on compounding

The National Association of Boards of Pharmacy is enacting a four-part plan to foster inspection of nonresident compounding pharmacies and create an information sharing network of regulatory details on those pharmacies.

CVS, Walgreens earn kudos for mobile shopping

CVS and Walgreens were among the top brick-and-mortar retailers in a mobile shopping satisfaction study by mobile solutions firm Mobiquity.

Health care reform pushes ahead

Implementation of the Affordable Care Act health care reform law is on track as 2012 draws to a close.

Fruth Pharmacy reaches milestone

As it marks its 60th anniversary, Fruth Pharmacy has stayed true to its roots.

Cardinal CEO: Time to act on 'fiscal cliff'

Cardinal Health Inc. chairman and chief executive officer George Barrett is the latest pharmacy industry executive to urge policymakers to come to an accord on the so-called "fiscal cliff."

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