November 15, 2007

Unintended consequences

Question: What would you get if the pharmacy business all of a sudden had to charge the same price everywhere for an item?

Answer: Better service. The current Medicare Part D system will require just that.

Tonight I saw a Walgreen's ad on the TV and if it is to be believed, the only differentiator of significance between pharmacies will become the service they offer.

A very interesting unintended consequence of forcing them to standardize prices.

Posted by artandscience at November 15, 2007 11:21 PM
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