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Category: Consumer

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WHY DID YOUR PHARMACY CLOSE ?

This letter is in response to the recent closing of the Montgomery Village Pharmacy. I am a member of The Pharmacists Society of Orange County and owner of a local independent pharmacy. The independent pharmacies across the county are not competitors, in a way, we are a family looking to help each other and our communities. So, when a local pharmacy closes, we as a family all hurt. We understand the impact on the community and try to help each other where we can. So why did the pharmacy close? Over the last 2-3 years, independent pharmacies have been struggling to stay in business. You might have recently heard about PBMs (Pharmacy Benefits Manager) otherwise known as the “Middleman”. The sole responsibility of the PBM is to negotiate for insurance plans to keep costs down, unfortunately they used this knowledge and power for their own profit and gain. Which leads us to the question we need to answer first: Why are drug prices going up? The ...

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