Hi, Shrewd!        Login  
Shrewd'm.com 
A merry & shrewd investing community
Best Of PoliticsBest OfAll BoardsThe Shrewd’m WeeklyLearn to InvestHow to Become Shrewd
Search
Shrewd'm.com Merry shrewd investors
Search
Best Of PoliticsBest OfAll BoardsThe Shrewd’m WeeklyLearn to InvestHow to Become Shrewd


The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
Answer this questionContinue to Shrewd'mThis note won't appear again
Halls of Shrewd'm / US Policy
Unthreaded | Threaded | Whole Thread (160) |
Author: jerryab ✺  😊 😞
Number: of 86261 
Subject: Re: Trump To Allow Crypto In 401K's...
Date: 08/14/25 8:05 PM
Post New | Post Reply | Report Post | Recommend It!
No. of Recommendations: 1
There have been innovations in the way that I can compare prices across multiple retailers for any product, but those are general to retail and not limited to drugs. Forty years ago I couldn't compare name brands to generics across mail order and retail stores

I have been buying prescriptions for myself for over 50 yrs. I was able to compare prices because I live in MN--which has a vigorous and highly competitive market. How competitive? Costco tried to set up their first Minnesota store near where I lived--in Minneapolis (late 70s or early 80s, I forget which). I checked it out because it was new. However, Costco was forced to close after a year or two because numerous competing retailers and grocery stores ran specials all the time--either meeting or beating Costco prices. That was not atypical for us because there are (or were) a LOT of companies in the various food markets and they ALL wanted a piece of the action. Sam's Club was in suburbia in the 1990s--but not in any city. Costco came back and was successful. The one Walmart in St Paul closed a few years ago. But they are successful in suburbia. I get deliveries from them.

Regarding drugs, the market used to be essentially two types of sellers. One was serving the relative short-term needs of most people--so Walgreens, CVS, and other traditional pharmacies. The other was serving primarily long-term customers who bought a variety of products based on price because that was their way to save money. I bought one drug from Walgreens because I bought a year-plus's supply at one time (400 tablets). Got it for $30. My doctor had no problems issuing such a prescription. In the late 1990s, the bulk resellers were acquired and shut down by various large pharmacies. The death knell for them was the 2003 Medicare reform under GWB. Bulk buying was essentially no longer available. Having drug purchases modestly subsidized by the govt eliminated the ability to buy from a "specialty" pharmacy because it would NOT be included in any network. They undercut the cost of other pharmacies, so they had to be OUT of the network. They closed. Both Amazon and Mark Cuban don't want to touch it unless they choose to only do it within the network. They will NOT challenge the market.
Post New | Post Reply | Report Post | Recommend It!
Print the post
Members reply directly to jerryab here — and replies get answered. Reading is free; so is joining the conversation. Join Shrewd'm »
This community has written 86,214 posts about US Policy. The article-length ones it recommended most:
It's going to get worse · 33 recs · 2025
G’day Donny · 30 recs · 2026
Old Related Story · 28 recs · 2026
HCR is a national treasure · 27 recs · 2025
Fascism in America · 27 recs · 2025
Unthreaded | Threaded | Whole Thread (160) |


Announcements
US Policy FAQ
Contact Shrewd'm
Contact the developer of these message boards.

Best Of Politics | Best Of | Favourites & Replies | All Boards | Followed Shrewds | Open Questions | Moving a community