Small town independent pharmacies are struggling to survive in Connecticut and the nation. Earlier this year, Lang’s Pharmacy closed both of their locations in Wilton and Weston “after years of struggling with unfair business practices by the insurance providers/pharmacy benefit managers (PBM’s)” and numerous other independent pharmacies, throughout the state, have followed suit in recent years. What’s going on?
It appears there’s been a fundamental change in the business and regulatory environment within which independent pharmacies operate. One of the unfortunate side effects of the Affordable Care Act (ACA) has been the rapid consolidation and corporatization of our healthcare system. This phenomenon can readily be seen in the hospital sector, where mergers, often in the name of cost savings, have led to patients paying more.