How Obamacare Impacts the Business of Pharmacies

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Oct. 1 (Bloomberg) -- Steven Anderson, CEO of National Association of Chain Drug Stores, explains the impact of the Affordable Care Act on the business of chain pharmacies and how it changes the services they provide. He speaks on Bloomberg Television’s “Bloomberg Surveillance.”

Changes in the way your pharmacies do business?

It is, our members are doing things every day in order to be more responsive to the consumer.

Our members are your traditional drugstore chains, supermarkets, and pharmacies.

It is having a big impact on our members are living up to the trust and expect haitians that the american people -- and expectations that the american people expect.

You are expanding education and some of your services.

Is it creating more american jobs?

It will be interesting to see.

The program is being implemented in different ways in different states.

You have states that are in the federal exchanges or there is a hybrid with states.

The supreme court considered this issue and they upheld the constitutionality of the act but they struck down portions as it related to medicaid.

That will have a different impact based on what state it is and the impact in terms of the amount of medicaid prescriptions that will be filled by our member stores.

There is also tension that would result from pharmacies taking on more of an active role in speaking with patients.

The physicians lobby, they don't look favorably on pharmacies doing so much more with the patient's. in terms of being responsive to member's needs, we are not focusing on the politics of this issue.

We are focusing on patients.

For many years, pharmacists are the most respected profession in the healthcare community.

They are approachable and accessible.

We have a store five miles away from everyone in the country.

They depend on what we are doing.

The number -- the amount of innovations we are doing, we are not just filling prescriptions.

We are focusing on providing more pharmacy care.

This is really important -- are you trying to replace physicians?

No, we are not.

In terms of the number of people that will be covered, we are providing immunizations in stores, more pharmacy services.

You come out of pharmacy school with a doctorate and there is a con -- a concept of therapy management, getting people to stay on their medications and people who don't adhere to their medications and that adds 290 though lien dollars and added healthcare costs every year.

-- add 290 ilion dollars -- billion dollars to added healthcare costs every year.

You are seeing more pharmacy services that will be provided in-store clinics.

There is a shortage of primary care physicians.

We have a shortage of about artie thousand physicians now -- there is a shortage of about 30,000 positions now.

What is an in-store clinic?

You see them all the time when you go into pharmacies.

You see them in supermarkets and mass merchants as well.

In terms of providing healthcare to people who sometimes -- sometimes cash patients will go into those doors but they are providing services through nurse practitioners and pharmacists who are practicing medication therapy management where we can focus on keeping patients on their medication.

We are not in competition with physicians.

We are collaborating with everyone in healthcare and providing coverage to the american people as healthcare care has expanded through the affordable care act.

Less than 40% of americans are actually in favor of obama care.

You engage with consumers and people all the time.

What is your take on the knowledge level?

How informed are americans about this legislation?

As pharmacies did when the medicare part d prescription drug program was enacted in 2006, we are providing advice and guidance and focusing not on the politics of this but on the patient's that are involved.

We are doing that in different ways.

To be quite frank about it, there are many people who will sign up for exchanges who have never bought healthcare before.

This is a highly complicated bill.

It is a new law and we are doing what we can doing that through weinar sources and we have had navigators in the stores providing advice and guidance.

We are helping assist the american people as they are understanding the law and as an attempt to pick products that will help them meet their healthcare needs.

Thanks very much.

Stephen anderson, joining us from the national association of chain drug stores.

I don't mean to be

This text has been automatically generated. It may not be 100% accurate.


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