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A Kensington pharmacy’s closure after 26 years highlights the industry’s growing challenges

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“Now you have to look at each and every prescription you fill and say, ‘Am I losing money?’' pharmacist Brad Tabaac said.

“Now you have to look at each and every prescription you fill and say, ‘Am I losing money?’" pharmacist Brad Tabaac said.

In 22 instances that day, the reimbursement was less than the cost of the medication. And that’s just among the Tabaac plans to close his doors on May 31 after 26 years in business. As a second-generation pharmacist, he said, he’s been working in drug stores since he was 11 years old. Making money on medicine wasn’t a question back then, but now it’s a string of “exhausting” calculations on a daily basis.“Years ago, you would just fill prescriptions, and you would concentrate on patient care,” Tabaac said.

Khan noted that the pharmacy benefit managers haven’t fully complied with FTC orders seeking documents and data.

 

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