And I’m still salty about Pharmacia getting bought out by Medley and then going under. Why can’t anyone just run a pharmacy without jumping through hoops chasing infinite growth? Pretty soon we’re all gonna be getting our meds from either Walmart or Amazon.
What flabbergasts me is the clear conflict of interest between infinite growth and actual patient care. We really need to take this profit model out of healthcare, the only people it hurts are us. Unions in all healthcare fields are about the only thing that can combat it now without actual legislation imo.
Why can’t anyone just run a pharmacy without jumping through hoops chasing infinite growth?
They can and they do. That would likely be any local, or privately owned pharmacies if there are still any near you. When a company goes public it becomes mandatory that they grow as much and as fast as they. They are now beholden to the board and other shareholders and if they aren’t chasing growth, they can get into big trouble.
It’s completely their decision to go public however, and they go public knowing what they’ll have to do.
Forgive me on the (probably not totally accurate) details but I recall reading about how independent pharmacies get screwed over because insurance companies dictate what medications cost and therefore force these smaller independent pharmacies to sell their drugs at loss much of the time.
And I’m still salty about Pharmacia getting bought out by Medley and then going under. Why can’t anyone just run a pharmacy without jumping through hoops chasing infinite growth? Pretty soon we’re all gonna be getting our meds from either Walmart or Amazon.
What flabbergasts me is the clear conflict of interest between infinite growth and actual patient care. We really need to take this profit model out of healthcare, the only people it hurts are us. Unions in all healthcare fields are about the only thing that can combat it now without actual legislation imo.
They can and they do. That would likely be any local, or privately owned pharmacies if there are still any near you. When a company goes public it becomes mandatory that they grow as much and as fast as they. They are now beholden to the board and other shareholders and if they aren’t chasing growth, they can get into big trouble.
It’s completely their decision to go public however, and they go public knowing what they’ll have to do.
Forgive me on the (probably not totally accurate) details but I recall reading about how independent pharmacies get screwed over because insurance companies dictate what medications cost and therefore force these smaller independent pharmacies to sell their drugs at loss much of the time.
After writing this I did google it and found an article from a couple years ago: https://whyy.org/segments/the-hidden-players-putting-independent-pharmacies-out-of-business/