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In this changing environment, independentpharmacies face increasing competition from retail, online, regional, and mail-orderpharmacies. In numerous studies, retail pharmacies are continuously selected by patients because of their proximity to home and acceptance of their insurance.
This mass closure affects both large chains like CVS, Walgreens, and Rite Aid, as well as smaller independentpharmacies that serve rural and underserved communities. The high costs eat into pharmacy budgets, leaving smaller margins for profit. As pharmacy deserts begin to emerge, it’s clear that access to healthcare is at risk.
In actuality, he would’ve paid $621, not $606, because Wellcare Value Script doesn’t allow independentpharmacies in their “preferred network” (preferred networks are about cost, not quality). That little bit of extra staff makes a big difference in the pharmacist’s ability to take the time to talk to you.
In his comment, he claimed that the number of independentpharmacies has grown over the past 10 years, and the PBM market is plenty competitive because there are over 70 PBMs! ” I think that getting involved in fights over whose method to count pharmacies is better is silly and pointless. Here’s why.
If you walk into an independentpharmacy and ask them how much money they make on branded drugs, you’ll probably hear several curses about PBMs (and maybe about wholesalers). This is because the market for branded drugs is upside down for pharmacies. regardless of your cost of goods.
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