Walgreens Cures an ACA Problem: Offers Prescription Coverage
Walgreen Co. (NYSE:WAG) will provide up to one month of prescription drug coverage to people who have enrolled in a federal healthcare plan, but are not yet insured. The company said in a statement Monday this will apply to people who can show proof of enrollment, but do not have a plan identification number. For those who qualify, there will be no upfront cost for traditional, brand name, and generic medications.
Kermit Crawford, president of pharmacy, health and wellness for Walgreens explained the decision. “We understand that all the changes that come with healthcare reform may create some questions for newly enrolled individuals,” Crawford said. “We are deeply committed to helping these patients get, stay, and live well by helping them to get their medications without interruption.”
The Department of Health and Human Services (or, HHS) has previously asked insurance companies to take similar steps. On December 12, HHS and Secretary Kathleen Sebelius outlined measures being taken to ease the transition to marketplace plans. “We are providing additional flexibility to consumers across the country to ensure they have access to coverage options that begin on January 1, 2014,” Sebelius said in the statement.