Why are national pharmacy chains closing some locations? [Video]

Changes are happening at national pharmacy chains, and they’re impacting neighborhood locations.

Some are closing stores across the country, including Northeast Ohio.

While reports have cited different reasons, an expert News 5 spoke with believes the financial problems chains are having go back to pharmacy benefit managers.

“These are the guys who negotiate prices between drugstores and the insurers and the reimbursement rates have been falling, it’s a very thin line that these pharmacies are having to walk,” said Senior Writer and Researcher forDrugWatch.Com, Terry Turner.

“So when they close stores, they’re closing the stores that are making them the least money and that tends to be in poorer neighborhoods where people have less money to spend on their medication.”

Turner said there are pharmacy deserts. Those are communities without pharmacies or without easy access to pharmacies.

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