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Inside This Issue - News

Survey: Retail pharmacy can help empower patients

A new survey has reinforced the potential of pharmacists to play a key role in consumer-driven health care.

Health insurance exchanges begin to take shape

More than 120 insurance companies have signed up for online health exchanges that will start offering subsidized plans in less than four months.

Commonsense reform for PBMs

Pharmacies — large and small — might lack leverage in contractual negotiations with pharmacy benefit managers, but the actual leverage pharmacies have is to expose systematic inequities and their effect on every other stakeholder. When pharmacies make that case to the masses, progress can be made in balancing the one-sided business relationship existing between giant PBMs and community pharmacies.

House passes pharmaceutical tracking bill

A federal system to track and trace prescription drugs moved a step closer to becoming reality earlier this month when the House of Representatives approved the Safeguarding America’s Pharmaceuticals Act of 2013.

USA Drug’s LaFrance dies

Stephen LaFrance Sr., who built a regional drug store powerhouse with USA Drug, died earlier this month. He was 71.

Jean Coutu makes plans to move headquarters

The Jean Coutu Group says it will relocate its headquarters and distribution center in Longueuil, Quebec, to larger facilities that will be built in Varennes.

Rite Aid refinances debt, forecasts profit

Rite Aid Corp. plans to refinance $500 million in debt and, in tandem with the transaction, is projecting net earnings for its fiscal 2014 first quarter, which would mark the drug chain’s third consecutive profitable quarter.

Medi-Cal court ruling a 'recipe for disaster'

The California Pharmacists Association (CPhA) has denounced a federal appeals court for refusing to review a ruling that lowered the state’s Medicare reimbursement rates.

Credit card settlement draws new fire from retailers

A number of retailers and trade associations have rejected the proposed settlement of a class-action lawsuit over credit card companies’ swipe fees, while a group of 17 retailers have filed a new lawsuit against Visa Inc. and MasterCard Inc.