Because competition is supposed to, in theory, lead to lower prices, why has Lucent reduced the number of sources for purchasing prescription drugs?
Retail Pharmacy Network has been established through Medco Health. This network was established with the objective of obtaining the deepest possible discounts while ensuring that all Lucent prescription drug plan participants have reasonably convenient access to a retail pharmacy. Once the access is established, the most effective way to obtain deep discounts is to restrict the size of the network, according to Lucent. Pharmacies are more willing to agree to a discount if they get some measure of exclusivity. The competition really takes place when the network is created, discounts are negotiated and set and the participating pharmacies are determined.
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