- Trxade Group is providing independent pharmacies with the tools they need to stay in business as health care pricing continues to be a political point of contention by establishing collective networking power, delivery services and data analytics resources
- Lawmakers at state and federal levels are increasingly pushing for transparency in drug-pricing protocols, and Trxade Group is using its reputation for transparency to build merchant trust
- The company reported a 129 percent YOY increase in revenues on its most recent quarterly financial results, demonstrating the strength of its model
The ever-increasing costs involved in providing for people’s health care needs have created strong political undercurrents in recent years, as exemplified in the United States by the Patient Protection and Affordable Care Act of 2010 and its oft praised and reviled nickname, Obamacare. The act required all Americans to get health insurance or pay a tax, while also making it easier to do so, but it drew the ire of ‘less government’ conservatives, who succeeded in repealing the mandatory enrollment clause nearly a decade later, in turn creating concerns about insurer insolvency as healthy patients drop out of care plans (http://nnw.fm/yVIp0).
As insurers wrestle with their own complicated business strategies, independent pharmacies are similarly struggling to survive as they serve patients’ health care needs. Once a community standard described simply as “the corner store,” they now operate as a small fish in a big pond of…
NOTE TO INVESTORS: The latest news and updates relating to TRXD are available in the company’s newsroom at http://nnw.fm/TRXD
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