This was interesting in the news today...

Published

https://www.npr.org/2023/02/16/1157480905/spain-menstrual-leave-teen-abortion-trans-laws

Quote

The abortion law builds on legislation passed in 2010 that represented a major shift for a traditionally Catholic country, transforming Spain into one of the most progressive countries in Europe on reproductive rights. Spain's constitutional court last week rejected a challenge by the right-wing Popular Party against allowing abortions in the first 14 weeks of pregnancy.

The debate will be heated in Spain, I imagine, as the conservative opposition pushes back. My daughter had horrible menstrual pain during her adolescence and young adulthood.  I'm certain that she would have benefitted from that time. 

toomuchbaloney said:

https://www.cnn.com/2024/06/27/business/walgreens-closures/index.html

Walgreens is having a hard time making money.  They did decide to alienate a bunch of their customers last year, so it's not really surprising.  

https://www.pbs.org/newshour/health/walgreens-won't-sell-an-abortion-pill-in-20-states-after-threats-of-legal-action-heres-what-that-means

Republican policy is bad for women, bad for children, bad for the country and bad for the economy.  

Seems like others who are knowledgeable on the matter have a different take, per the article you included and that the Biden economy isn't all you think it is:

"Inflation has taken a big bite out of the drug store business – both at the front-end and the back-end of pharmacies.

Shoppers are "becoming increasingly selective and price sensitive on their selections,” Wentworth said on the call, adding that he forecasts the "operating environment to remain challenging" in the US and doesn't "expect an improvement.”

Sales rose 2.6% to $36.4 billion for the quarter. That might not "look unreasonable, but this is running below inflation and, across some segments of the business, represents a loss of market share,” Neil Saunders, managing director of GlobalData, said in a note."

Specializes in NICU, PICU, Transport, L&D, Hospice.
Beerman said:

Seems like others who are knowledgeable on the matter have a different take, per the article you included and that the Biden economy isn't all you think it is:

"Inflation has taken a big bite out of the drug store business – both at the front-end and the back-end of pharmacies.

Shoppers are "becoming increasingly selective and price sensitive on their selections,” Wentworth said on the call, adding that he forecasts the "operating environment to remain challenging" in the US and doesn't "expect an improvement.”

Sales rose 2.6% to $36.4 billion for the quarter. That might not "look unreasonable, but this is running below inflation and, across some segments of the business, represents a loss of market share,” Neil Saunders, managing director of GlobalData, said in a note."

It's not surprising that the CEO  overseeing the closures might lay blame elsewhere, is it? It's a very competitive pharmacy market and they told a big portion of their customer base that they wouldn't provide needed medications because of threats.  Their stores are now under performing and retail sales are down. It's unfortunate, because Walgreens partners with a network of Credit Unions, so those closures may represent loss of access to a couple of services for some people.  

toomuchbaloney said:

It's not surprising that the CEO  overseeing the closures might lay blame elsewhere, is it? It's a very competitive pharmacy market and they told a big portion of their customer base that they wouldn't provide needed medications because of threats.  Their stores are now under performing and retail sales are down. It's unfortunate, because Walgreens partners with a network of Credit Unions, so those closures may represent loss of access to a couple of services for some people.  

You're waaaaay overestimating how many people care or even know that Walgreens doesn't sell that drug in 20 states.

And, you are incorrect that sales are down.  Per the article, sales are up, but not keeping pace with inflation.

Thanks, Bidenomics.

The wild speculation was entertaining, though.

Specializes in NICU, PICU, Transport, L&D, Hospice.
Beerman said:

You're waaaaay overestimating how many people care or even know that Walgreens doesn't sell that drug in 20 states.

And, you are incorrect that sales are down.  Per the article, sales are up, but not keeping pace with inflation.

Thanks, Bidenomics.

The wild speculation was entertaining, though.

I didn't estimate a number.  I think that women know about this kind of thing in their regions.  

From the article;

Quote

Particularly concerning for Walgreens was its retail sales falling 4% for the quarter.

 

toomuchbaloney said:

I didn't estimate a number.  I think that women know about this kind of thing in their regions.  

From the article;

 

Also from the article: "Sales rose 2.6% to $36.4 billion for the quarter."  Not sure the difference between sales and retail sales.  It doesn't matter and I'll retract my statement.

No, you didn't estimate a number, but said " a big portion of their customer base."

Wild, uninformed speculation. 

Also, keep in mind Walgreens barely if at all started selling the drug when they made the announcement that they wouldnt be in certain states.

I'll stick to my opinion that you're over estimating how many people care or even know.

 

Specializes in Assisted living/hospice.
Beerman said:

You're waaaaay overestimating how many people care or even know that Walgreens doesn't sell that drug in 20 states.

And, you are incorrect that sales are down.  Per the article, sales are up, but not keeping pace with inflation.

Thanks, Bidenomics.

The wild speculation was entertaining, though.

Not to mention the propaganda tactic of omission and fallacy.  

He forgot to name the " needed medication"  as the abortion pill mifepristone. 

Which isn't needed like insulin and other medication. It's a left tactic to misrepresent something as withholding needed medication and suggesting that medication in general is being withheld. . Same as "refusing trans people healthcare"..... 

Too bad people are not falling for it anymore..... 

Specializes in NICU, PICU, Transport, L&D, Hospice.
Beerman said:

Also from the article: "Sales rose 2.6% to $36.4 billion for the quarter."  Not sure the difference between sales and retail sales.  It doesn't matter and I'll retract my statement.

No, you didn't estimate a number, but said " a big portion of their customer base."

Wild, uninformed speculation. 

Also, keep in mind Walgreens barely if at all started selling the drug when they made the announcement that they wouldnt be in certain states.

I'll stick to my opinion that you're over estimating how many people care or even know.

 

You don't think that women make up a big portion of their customer base? 

Specializes in NICU, PICU, Transport, L&D, Hospice.
Crusades said:

Not to mention the propaganda tactic of omission and fallacy.  

He forgot to name the " needed medication"  as the abortion pill mifepristone. 

Which isn't needed like insulin and other medication. It's a left tactic to misrepresent something as withholding needed medication and suggesting that medication in general is being withheld. . Same as "refusing trans people healthcare"..... 

Too bad people are not falling for it anymore..... 

You don't know that mifepristone is used to treat high blood sugar in Cushing's Syndrome patients? Did you know that females are more likely to have Cushing's Syndrome? 

toomuchbaloney said:

You don't think that women make up a big portion of their customer base? 

Yes.  And most don't know or care that Walgreens never sold and still in 20 states don't provide that drug.

Specializes in NICU, PICU, Transport, L&D, Hospice.
Beerman said:

Yes.  And most don't know or care that Walgreens never sold and still in 20 states don't provide that drug.

You sound pretty confident about that opinion while the company sales are down and they are closing stores. 

OK

Maybe you know most women that well. 

Specializes in Med-Surg.
Quote

CVS Health Profits Hit $2 Billion As Company Benefits From Obamacare And New Businesses

https://www.forbes.com/sites/brucejapsen/2024/02/07/cvs-health-profits-hit-2-billion-as-company-benefits-from-new-provider-businesses/

Quote

CVS Health reported better-than-expected earnings for the fourth quarter and full fiscal year on Wednesday, but the company lowered its profit outlook for the year, citing higher medical costs in its insurance business.

https://www.supermarketnews.com/retail-financial/cvs-eyes-pharmacy-growth-2024

https://finance.Yahoo.com/news/amazon-amzn-boosts-pharmacy-efforts-155000465.html

There are winners and losers in economies as companies come and go.  I'm 65 and remember K-Mart, Woolworths, etc.  It happens.  

Also, Amazon has been a game changer not only in retail but also in pharmacies.

Inflation certainly has taken a bite out of many retail stores.   However, studies have shown drug prices have risen far and above the rate of inflation, I've seen figures of 35% or more for 2023.  At the same time pharmaceuticals dispensed has risen, albeit modestly but I'm reading nearly 4%.

There's a bit more at play that just Bidenomics and inflation, or the banning of a drug otherwise other pharmacies would be closing.

One thing we all know is that the cost of living in a capitalistic country is that companies with stock holders aren't going to lower stockholders profits during inflationary times.  Here in Florida the popular grocery store chain Publix is not suffering at all due to inflation, enjoying high profits (and they have a pharmacy) and last year their stock value rose 5%.

https://www.jaxdailyrecord.com/news/2024/mar/18/publix-pharmacy-filling-center-represents-growth/

Specializes in NICU, PICU, Transport, L&D, Hospice.
Tweety said:

https://www.forbes.com/sites/brucejapsen/2024/02/07/cvs-health-profits-hit-2-billion-as-company-benefits-from-new-provider-businesses/

https://www.supermarketnews.com/retail-financial/cvs-eyes-pharmacy-growth-2024

https://finance.Yahoo.com/news/amazon-amzn-boosts-pharmacy-efforts-155000465.html

There are winners and losers in economies as companies come and go.  I'm 65 and remember K-Mart, Woolworths, etc.  It happens.  

Also, Amazon has been a game changer not only in retail but also in pharmacies.

Inflation certainly has taken a bite out of many retail stores.   However, studies have shown drug prices have risen far and above the rate of inflation, I've seen figures of 35% or more for 2023.  At the same time pharmaceuticals dispensed has risen, albeit modestly but I'm reading nearly 4%.

There's a bit more at play that just Bidenomics and inflation, or the banning of a drug otherwise other pharmacies would be closing.

One thing we all know is that the cost of living in a capitalistic country is that companies with stock holders aren't going to lower stockholders profits during inflationary times.  Here in Florida the popular grocery store chain Publix is not suffering at all due to inflation, enjoying high profits (and they have a pharmacy) and last year their stock value rose 5%.

https://www.jaxdailyrecord.com/news/2024/mar/18/publix-pharmacy-filling-center-represents-growth/

Yep.  It's a highly competitive field. We don't use a stand alone pharmacy here in Alaska, we use the pharmacy that is in the grocery store we use. Stand alone pharmacies need to give people a reason to go there rather than to a more convenient pharmacy, a few choose to give some people a reason not to visit their pharmacy.  It's unfortunate that our rights to self autonomy related to health care is not universal in this country.  Women have fewer rights in some "conservative" parts of the country and that is unacceptable in 2024.

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