Home Investing ‘Pharmageddon’ could close pharmacies as protest spreads

‘Pharmageddon’ could close pharmacies as protest spreads


‘Pharmageddon’ is a movement started by pharmacists in multiple countries, including the United States, that is protesting cuts to drug reimbursements in certain countries. Pharmacists are protesting what they feel is an unfair reduction of drug reimbursement rates, as well as what they feel is a lack of negotiating power with public health insurance programs. The movement has been gaining momentum in recent years, with pharmacists around the world threatening to close their pharmacies if cuts are not reversed. If enough pharmacies participate in the protests, it is possible that entire countries could see their pharmacists completely shut down in response. This could lead to a lack of access to critical medications and other healthcare services for those in need.

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