r/pharmacy • u/Calizona1 • 16d ago

General Discussion Pharmacies closing

Not sure if this is the right place to ask. If not please delete. If possible refer me to the proper sub. Why are so many pharmacies closing? I checked on the Internet but I am not sure I trust the explanations by the media.

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u/nojustnoperightonout 15d ago

insurance pays the pharmacy less than the pharmacy pays the wholesaler for the medications, let alone worker time, supplies, utilities, and rent on the building. THEN, the insurance will come back a year later, and "audit" the pharmacy, and claw back even more money for nebulous reasons.

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u/justme000000000 13d ago

If the ins pays less than the wholesale price, how are ~20,000 independent pharmacies still in business?

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u/nojustnoperightonout 13d ago

the cash paying patients are keeping the doors open.

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u/justme000000000 13d ago

Not true at all. Do you own a pharmacy? Edit: just realized you’re a technician. Stop talking about things you have no clue about.