walgreen co's fiscal problems and Express scipts patients ,
Posted in the Birmingham Forum
#1 Jan 1, 2012
Re: Walgreen on Border's Woodward location.
There are some very real concerns I have with Walgreens that concern their financial state which is predicted to worsen in 2012. The company was unable to reach an agreement with Express Scipts, the prescription drugs service used by many many insurance plans. Those patients will be getting their medications through CVS and Rite Aid. Walgreens simply wants too much money and the insurance companies aren't going to balk this time.
Tricare uses Express Scripts. Tricare is the health insurance of members of the active and retired military and their dependents. The members of Tricare have been told that they can no longer use Walgreens for their drug needs and should go elsewhere.
Is it smart to rent to a company which may decide to close down some of its stores in a few years (think Borders?) Or a pharmacy which will not fill the prescriptions of a large number of customers, including those in the armed forces?
These are questions which ought to be raised. Shouldn't a business be fiscally sound and willing to do business with customers who carry all kinds of insurance?
This stands apart from the fact that we can call Birmingham a bit of a cultural wasteland because we are a city with no bookstore. I am fortunate because my children are in college now and they grew up with the concept of 'going to the bookstore' that the younger kids now won't have.
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