Advertisement
News
Advertisement

Summary Box: Merck sees health overhaul impact

Fri, 04/23/2010 - 12:17pm
The Associated Press

HEALTH OVERHAUL IMPACT: Drugmaker Merck & Co. expects the health care legislation passed last month to cost it about $320 million this year.

COST BREAKDOWN: About half of that, $170 million, is from the expected reduction in revenues from paying bigger Medicaid rebates; the other $150 million is a charge for loss of a tax benefit for providing prescription coverage to retirees.

BIG-PICTURE FORECAST: Merck says despite the charges, it's still aiming for compound annual earnings-per-share growth in the high single digits, excluding one-time items, through 2013.

Advertisement

Share this Story

X
You may login with either your assigned username or your e-mail address.
The password field is case sensitive.
Loading