Merck: Health Care Reform Will Cut $35M In Revenue In First Quarter
The impact could be double in 2011, says the company. Merck attributes the revenue impact to increased Medicaid rebates and a charge related to taxes on post-retirement medical benefits.
According to a press statement, the company estimates that the unfavorable sales impact related to the passage of the health care legislation will be approximately $300 to $350 million in 2011.
Merck will announce its first quarter 2010 sales and earnings announcement on May 4, 2010.
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