The Chemist Warehouse merger is a sideshow – pharmacies are ripe for an ‘Uber’ moment

A 2017 inquiry found instance after instance of all of the pharmacies in a town being owned by the same group, even where the branding was different and they seemed to be competing.A 2017 inquiry found instance after instance of all of the pharmacies in a town being owned by the same group, even where the branding was different and they seemed to be competing.

examined pharmacy remuneration and regulation in 2017 it found instance after instance of all of the pharmacies in a town beingIn Alice Springs all four were owned by the same group; in Karratha both were; in Broome the proportion was three out of the four. If a competitor can’t come in and all the pharmacies in a particular location don’t compete, there’s little reason to expect them to discount. And most don’t, even though for the past eight years they have been able to.Back when King produced his report and the government paid pharmacies an average of $11.50 per prescription, King’s team reckoned their actual average dispensing costs were lower, for some as low asChemist Warehouse pharmacies discounted by the full dollar. Few others did.

That’s how it was for years with taxis. The price of rides was high and the service was limited because of rules that choked competition.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

ACCC flags concerns over $8.8b Chemist Warehouse merger7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Source: 7NewsSydney - 🏆 16. / 63 Read more »

SIG ASX: Chemist Warehouse, Sigma Healthcare merger deal can still get past ACCC health checkThe issue of the competitiveness of Sigma’s pharmacies may require a more direct solution, such as disposing of a few Chemist Warehouse outlets.
Source: FinancialReview - 🏆 2. / 90 Read more »

The ACCC’s bitter pill to Chemist Warehouse’s $8.8b pharmacy mergerPutting aside the strength of arguments from the merger parties and the regulator, the facts are that an ACCC amber light more often turns to red than to green.
Source: theage - 🏆 8. / 77 Read more »

The ACCC’s bitter pill to Chemist Warehouse’s $8.8b pharmacy mergerPutting aside the strength of arguments from the merger parties and the regulator, the facts are that an ACCC amber light more often turns to red than to green.
Source: smh - 🏆 6. / 80 Read more »

The ACCC’s bitter pill to Chemist Warehouse’s $8.8b pharmacy mergerPutting aside the strength of arguments from the merger parties and the regulator, the facts are that an ACCC amber light more often turns to red than to green.
Source: brisbanetimes - 🏆 13. / 67 Read more »