1. The Death of the American Pharmacy.
- Author
-
ASPAN, MARIA
- Subjects
RETAIL store closures ,DRUGSTORES ,PHARMACEUTICAL industry ,CHAIN stores ,COMPETITION in the drug industry - Abstract
The closure of Bartell's, a Seattle drugstore, is seen as a reflection of a larger healthcare crisis in the United States. Factors such as the retail apocalypse, the opioid crisis, decreasing reimbursements from health insurance companies, and the consolidation of the healthcare industry are contributing to the closure of pharmacies nationwide. This has resulted in pharmacy deserts and a shortage of pharmacists, particularly affecting underserved populations. The article also mentions the potential for pharmacies to play a role in primary care, but financial challenges are hindering their survival. The power of pharmacy benefit managers (PBMs) in determining drug prices and reimbursements is also a major concern. Independent pharmacies, especially in rural areas, are struggling to compete with larger chains and are facing challenges with reimbursement rates from PBMs. Efforts are being made by some players in the healthcare industry to address these issues, but independent pharmacists continue to face difficulties and closures. [Extracted from the article]
- Published
- 2024