Pharmacy Price-Setting Boards and Their Effect on Patient Care
Friday, 6 September 2024, 06:30
Understanding Pharmacy Price-Setting Boards
Pharmacy price-setting boards have emerged in discussions about healthcare costs. While intended to regulate drug prices, their impact may inadvertently prioritize larger pharmacy benefit managers. This shift can lead to reduced support for community pharmacies, crucial for patient care.
Potential Fallout for Community Pharmacies
- Community pharmacies may struggle to compete with larger entities.
- Access to medications could diminish for patients relying on local pharmacies.
- Patients might face higher out-of-pocket costs as a result of these policies.
Conclusion on Pharmacy Oversight
In light of these concerns, it's essential to critically assess the function of pharmacy price-setting boards in safeguarding both patient care and the viability of community pharmacies.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.