HANCOCK, Md. (WBFF) — For 21 years, Ken Reed kept his pharmacy open in this small Western Maryland town, filling prescriptions for neighbors who knew the pharmacist by name and sometimes stopped in simply to ask a question about their health.
Then the economics stopped making sense.
Reed said some prescription drugs were costing his pharmacy more to buy than insurance middlemen were paying him to dispense them. An insulin prescription that cost his pharmacy about $400, he said, could bring a reimbursement of only about $200…