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Beiträge, die mit pharmacy getaggt sind
"The trends for Walgreens aren’t good - it has closed a thousand stores since 2018, and plans to shut 1,200 more this year. And if you look at the gross operating income of the U.S. retail segment, it is collapsing.
I put these charts together based on data in Walgreen’s annual reports.
What’s going on? Well that’s simple. Margins are falling apart.
Galloway and Elson went back and forth on why Walgreens is flailing. The company hasn’t modernized in the age of Amazon. It has too many stores. Bad management. A dumb acquisition of VillageMD in 2021. Etc. And these would seem like reasonable causes, since lots of other retailers are dying in the face of low price competition.
But the real reason Walgreens, and the pharmacy business in general, is dying, is because of a failure to enforce antitrust laws against unfair business methods and illegal mergers. Elson touched on it when he mentioned lower reimbursement rates, but I don’t think people appreciate the full scope of what happened to Walgreens, and to the full pharmacy business in general. This is not a case of bad management, it’s a case of desperate management."
https://www.thebignewsletter.com/p/the-real-reason-walgreens-collapsed
#USA #Walgreens #Monopolies #Oligopolies #Pharmacy #Antitrust
I put these charts together based on data in Walgreen’s annual reports.
What’s going on? Well that’s simple. Margins are falling apart.
Galloway and Elson went back and forth on why Walgreens is flailing. The company hasn’t modernized in the age of Amazon. It has too many stores. Bad management. A dumb acquisition of VillageMD in 2021. Etc. And these would seem like reasonable causes, since lots of other retailers are dying in the face of low price competition.
But the real reason Walgreens, and the pharmacy business in general, is dying, is because of a failure to enforce antitrust laws against unfair business methods and illegal mergers. Elson touched on it when he mentioned lower reimbursement rates, but I don’t think people appreciate the full scope of what happened to Walgreens, and to the full pharmacy business in general. This is not a case of bad management, it’s a case of desperate management."
https://www.thebignewsletter.com/p/the-real-reason-walgreens-collapsed
#USA #Walgreens #Monopolies #Oligopolies #Pharmacy #Antitrust
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Preface: today, I was told that WITH insurance, 7 doses (titrating on) of my new anti-depressant, #Trintellix , would cost me $60. For 7 god-damned pills.
⊹₊ ˚‧︵‿₊୨୧₊‿︵‧ ˚ ₊⊹
You know how certain stores have “store brands” since e.g. _Threshold_ sounds like a way cooler brand than “Target-brand cheap fitted bedsheets”?
Well hey, turns out, #UnitedHealthcare did that too! Fooled me; I am [an unhappy] United Health Care customer, and I thought that Optum was a separate company.
BURN IT ALL DOWN.
:DumpsterFire: :DumpsterFire: :DumpsterFire:
This guy gets it:
(Source: https://www.instagram.com/p/DCCgmmQCQL2/ )
#humor #pharmacy #Optum #OptumRX
Preface: today, I was told that WITH insurance, 7 doses (titrating on) of my new anti-depressant, #Trintellix , would cost me $60. For 7 god-damned pills.
⊹₊ ˚‧︵‿₊୨୧₊‿︵‧ ˚ ₊⊹
You know how certain stores have “store brands” since e.g. _Threshold_ sounds like a way cooler brand than “Target-brand cheap fitted bedsheets”?
Well hey, turns out, #UnitedHealthcare did that too! Fooled me; I am [an unhappy] United Health Care customer, and I thought that Optum was a separate company.
BURN IT ALL DOWN.
:DumpsterFire: :DumpsterFire: :DumpsterFire:
This guy gets it:
(Source: https://www.instagram.com/p/DCCgmmQCQL2/ )
#humor #pharmacy #Optum #OptumRX
I reckon that chemists will look at the profit margin on #vapes and say 'wooo, yes please, I'll sell that" as soon as they can. That, or existing #vape retailers will pay drug-addled baby pharmacists to sit quietly on a comfy chair in the shop, magically now a #pharmacy.
The big brand chemist in Lithgow sold (?sells) ear candles, in spite of the risk of being sued for eardrum burns.
The big brand chemist in Lithgow sold (?sells) ear candles, in spite of the risk of being sued for eardrum burns.