Merck: Health Care Reform Will Cut $35M In Revenue In First Quarter
04/26/2010
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.
Most Read
-
-
Trends in Office and Industrial Parks
Q4 2020
-
Another Look at Rural Economies
Q4 2020
-
Supply Chain Execs Respond as Pandemic Creates E-Commerce Surge
Q4 2020
-
The Future of the Workforce Is a “Better Normal”
Workforce Q4 2020
-
Recruiting and Retaining Today’s Manufacturing Workforce
Workforce Q4 2020
-
2019 Leading Metro Locations: Pacific and South-Atlantic Metros Dominate the List
Q4 2019