1/3rd of Independent Pharmacies to Close Across America in 2024

CVS, Walgreens to begin selling abortion pills

As pharmacy giants CVS and Walgreens have confirmed they will soon be dispensing mifepristone, an abortion pill, 32% of independent pharmacy owners plan to close their businesses by the end of 2024, according to a survey by the National Community Pharmacists Association on Feb. 27. 

Independent, local pharmacies are struggling with crime, dwindling reimbursements and struggles with pharmacy benefit managers.

A pharmacy closed nearly every day in 2023, according to the NCPA, which is asking CMS for help. 

A survey of 815 independent pharmacy owners revealed  99% that prescription reimbursements from the government, Medicare and Big Pharma have fallen. Because of the lower reimbursements, 93% of respondents said they would consider dropping out of Medicare Part D in 2025 if this trend continues. 

Mifepristone, approved by the FDA in 2000, can terminate a pregnancy in the first 10 weeks of gestation. This news counters the growing anti-abortion movements and sentiments across the nation. 

CVS is not yet offering the medication, but a spokesperson said the chain’s pharmacies in Massachusetts and Rhode Island will begin filling mifepristone prescriptions “in the weeks ahead and will expand to additional states, where allowed by law, on a rolling basis.”

Walgreens plans to dispense the drug within a week in Democrat controlled states California, Illinois, Massachusetts, New York and Pennsylvania. 

Fifteen states require a physician to write a prescription for mifepristone, and 14 states have abortion bans that outlaw medication.

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