The head of Lloyds Pharmacy, Britain’s second-biggest chain of chemists, has protested to the Government after a huge cut in spending on medicines, which is expected to squeeze £470 million from the profits of UK pharmacies over the next 12 months.
The Government has cut by £400 million the list price for generic medicines purchased via the NHS, as well as a further £70 million from the dispensing fees paid to pharmacies. The decision, which took effect on Monday, triggered an 8.4 per cent slide in shares in Celesio, Lloyds’s German parent company.
More at The Times
1 comment:
The Pharmacists should think of it as more of an "oportunity" - now they can spend more time and energy on CAMs and other more profitable lines. I saw a pharmacy the other day advertise free naturopath consults wednesday and Friday afternoons and evenings.
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