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Can Independent Pharmacies Survive?

WSHU Public Radio, December 5, 2019

Jeff Chiu / AP

Independent pharmacies say they’re being squeezed to the brink of closing by the sharp rise in prescription drug prices. We’ll discuss how pharmacy benefit managers affect the flow of customers to big and small drugstores, with guests:

• David Reich-Hale, business of health care reporter, Newsday
• Christopher Hoffman, reporter, Connecticut Health I-Team
• Bob Grisnik, Pharm.D., pharmacist and owner, Southrifty Drugs
• Alok Bhatt, R.Ph., pharmacist, and Charul Bhatt, owners, Trumbull Pharmacy
• Janice D'Angelo, owner, Sag Harbor Pharmacy
• Steve Moore, Pharm.D., owner, Condo Pharmacy, and board president, Pharmacists Society of the State of New York
• Nathan Tinker, Ph.D., CEO, Connecticut Pharmacists Association

To Listen To This NPR Station News Report Click HERE

How PBMs Pull a Fast One on Even the Savviest of Business Minds

Exceptionally smart and talented people make the health benefit decisions for their Fortune 500 corporations, but it continues to surprise us how very few ever think to push back against the multitudes of underhanded PBM practices regularly reported in the business media.  Unfortunately, despite evidence to the contrary, it seems the decision-makers in these super successful companies are buying into the rhetoric, absolutely confident they got the “best deal” and have the “best discounts”.

These are real-life comments from people who refuse to believe PBMs and the brokers who control the bidding would ever manipulate the RFP process and from corporate decision-makers who are in over their heads or can’t keep up with all of the antics of the ‘PBMafia’.  

McKesson Corporation is a Fortune 10 healthcare company and even they were fooled.  Continue Reading

Pharmacists United for Truth and Transparency (PUTT) is a non-profit advocacy organization founded by independent pharmacists and pharmacy owners devoted to exposing the truth about the anti-competitive tactics of pharmacy benefits managers (PBMs) - drug benefits plan providers whose unregulated, secretive practices drive up prescription costs and annually waste hundreds of millions of taxpayer dollars. 

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