CNBC October 11, 2024
Key Points
– Rite Aid pharmacy closures have hit Midwest cities particularly hard.
– Walgreens has announced it may close as many as 25 percent of its 8,200 stores.
– Decreased reimbursements are putting the squeeze on drug retailers, and some point the finger at pharmacy benefit managers, which are the target of a new FTC lawsuit, but PBMs are not the only cause of the struggles.
New Lebanon, Ohio, population 3,756, has three dollar stores, a Groceryland grocery store, a few fast-food restaurants, a public library branch, and a spirit-filled school system. What it doesn’t have is a pharmacy.
As part of Rite Aid’s bankruptcy filing in October 2023, the chain announced it was closing 800 stores, with Ohio...
Today's Sponsors
Today's Sponsor