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Local Pharmacies Pushed to the Brink by PBMs

Friday, October 25, 2019   (0 Comments)
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From a National Community Pharmacists Association news release, Oct. 16: A substantial majority of independent pharmacies say they may close their doors in the next two years, and the main culprits are multi-billion-dollar corporate middlemen who are shaking them down for fees on medicines long after the point of sale, according to a new survey by the National Community Pharmacists Association (NCPA). “Neighborhood pharmacies are being mugged in broad daylight and no one in Washington is doing anything about it,” said NCPA CEO B. Douglas Hoey. “If Congress or the administration don’t act soon, we’re going to see a wave of layoffs and store closures that will leave many patients stranded without access to a local pharmacist.” According to the survey, 58 percent of independent pharmacists say they are somewhat likely or very likely to close their doors in the next two years if things don’t improve. Another 19 percent aren’t sure they’ll be around then. A nearly identical number (59 percent) rate the health of their business as somewhat poor or very poor. View the full NCPA survey. For more information about NCPA, please visit https://www.ncpanet.org/ .

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