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Retail News Breaks Archives This week Walgreen Co. opened the first of four drug stores planned this year that are registered to meet certification for environmental efficiency and design. Paul Kelly, vice president of federal government affairs for the National Association of Chain Drug Stores, this week outlined key issues for community pharmacy and its role in fostering public health care and health care reform in testimony before the House Energy and Commerce Subcommittee on Health. Stopping “pay for delay” settlements between brand-name and generic drug manufacturers would save consumers billions of dollars each year, according to Federal Trade Commission chairman Jon Leibowitz. Walgreen Co. said Wednesday that, in talks with the state of Delaware, it has offered to accept part of a proposed cut in Medicaid pharmacy reimbursement rates. MinuteClinic, the in-store health clinic subsidiary of CVS Caremark Corp., has become a participating provider in all insurance plans offered by CareFirst Blue Cross Blue Shield in Maryland, Virginia and the District of Columbia. Due to additional refinancing expenses, Rite Aid Corp. has raised its projected net loss for its current fiscal year. Rite Aid Corp. exceeded Wall Street's expectations by posting a smaller loss on a slight decline in revenue for its fiscal 2010 first quarter. This week select Rite Aid Corp. stores nationwide are slated to host Diabetes Solutions Days, in which customers with diabetes can receive health screenings and learn about self-management solutions. Walgreen Co. reported robust sales gains for its fiscal 2009 third quarter, yet costs related to its company and store realignment initiatives hurt profit.
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