Can there be too many pharmacies?

by | Apr 13, 2015 | Blog

And so it goes on … the public outcry to the community pharmacy regulations is under question.

Whilst nearly all within the industry oppose any potential changes there are many external parties endorsing such change.  Many of those pushing for change particularly like the idea of a greater number of pharmacies as in their mind this means better access to pharmacies.  But at what cost would this be? Many pharmacies are already borderline viable and a free market would only push more of these pharmacies towards the brink. And what guarantee is there of success for new pharmacies? They too will face the same pressures and in any new business this could mean a quick lifespan.  Whilst the consumer invariably wants more sites, more access and cheaper prices, they sometimes forget about the flipside that behind each Australian pharmacy is a business owner.  While I don’t see the benefits to change and believe the current rules promote competition and encourage access in new and remote areas, I am only one consumer.

If we open the market, do we need a pharmacy on every corner like a 7-11?

Will increased competition encourage cutting corners and less advice?

At the end of the day, what is best for consumers and the industry? There are two sides to the equation.

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