"2024, everyone knew was gonna be bad," explained Blake Gillman, George's Pharmacy and Medical Equipment owner and CEO in Indianapolis, Indiana."It's been worse than anticipated."
Gillman says until there's some actual change happening, the closing of stores is going to be a common occurrence. He explained that the issue is a result of pharmacies not being fully reimbursed for insurance-covered prescriptions. Gillman says the loss is coming out of the pharmacy's pocket, and it is happening on 30%-40% of the filled prescriptions."You cannot stay in business and remain profitable if all you do is fill prescription medications, and that's because if you run it through insurance you're getting negatively reimbursed," he said.
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