This trend isn’t limited to Walgreens. CVS, Rite Aid, and other major chains are also grappling with the financial strain caused by falling reimbursement rates for prescription drugs. The pharmacy industry depends heavily on filling prescriptions for revenue, but lower reimbursement rates from pharmacy benefit managers (PBMs) are squeezing profits.
The Role of Pharmacy Benefit Managers (PBMs)

One of the biggest challenges facing pharmacies today is the role of PBMs. These intermediaries negotiate drug prices between pharmacies, insurers, and manufacturers. While PBMs argue that they help keep drug prices down, pharmacies claim that PBMs are reducing their reimbursement rates, making it harder to turn a profit.
CONTINUE READING ON THE NEXT PAGE
Advertisement:
How to Grow Peanuts in Soil from Store-Bought Nuts
Oven Crispy Parmesan Potatoes
How to Make Tasty Herb and Cheese Scones
Place a teaspoon under any flower in the house and it will bloom like never before.
Celebrity old and beautiful
Slow Cooker Chicken Pot Pie Pasta
12 reasons why adding baking soda to your toilet tank is a must-do trick
2024 Showdown: Anti-Trump Republican Liz Cheney says she’s backing Kamala Harris
How to remove yellow scale from your sink? It’s very easy, find out with us