Walgreens is well-known for its health services as pharmacy supplies and drug stores, and you can use its photocopy services. You can order online medicine using the Walgreens pharmacy app or by visiting the website of Walgreens. You can talk to the doctors when you place an order for an online pharmacy, and they will give you a proper prescription about how and when you have to swallow that medicine, and you can discuss your health issues with them on a call. Walgreens may seem expensive due to its convenience charges. Let must know about “Why Is Walgreens So Expensive?”
Walgreens operates more than 9,000 stores in the USA. Along with pharmacy items, Walgreens sells grocery items, electronic items, and other essential products you can purchase from Walgreens.
Why Is Walgreens So Expensive?
Walgreens ensures the originality of the drugs, delivers the medicine on time, double checks before conveying the products to the customers, and every time checks the expiry date of the drug. But still, people find that Walgreens is more expensive than its competitive stores like CVS, Costco, and Walmart; and the reasons behind its expensiveness are the following:
Reasons:
- The United States government has no specific rules regarding medicine prices raised based on the state, location, and need of any particular medicine in the market.
- The Company Decides Prices Itself: Companies like Walgreens and others decide the prices on their own, this increases the cost of the medicine.
- High Convenience Charges: Most Walgreens stores are open 24 hours a day for their customers, and you can visit and purchase medicine whenever you need a drug. Walgreens operates more than 9,000 stores, so you can easily find a Walgreens store near you. Walgreens escalates the price of its different products.
- Price Depends on the demand for a product. When any medicine is in a high stipulation in the market, and it has limited stores, customers start buying that particular product at a high rate, which makes Walgreens more expensive.
- Price Matching with Competitor Stores: there is a big competition among the companies in selling medicines, and when a particular store offers a drug at $130, another store will not sell the same medicament for less than that price, and if that store is the only available store in that area, it will charge the customers more for that medicine.
When you see the above mentioned reasons why Walgreens is so expensive, you can easily understand why it is because of government policy, competition, convenience, a wide range of services, demand in the market, location of the store, and Walgreens offer sales and discounts on the products, and when it offers deals, it increases the price of the product to compensate for the profit limit.
Some More Reasons Why Walgreens Is So Expensive In Brief:
- Walgreens is the second largest pharmacy chain in the USA, and it offers some more health products, beauty, and cosmetic products, grocery items, photo services, and a few more services. It is why Walgreens is so expensive.
- According to some sources, Walgreens is so expensive because it follows an environmentally friendly approach, and this approach attracts more customers to the Walgreens store.
- The tax slab is high in the USA. It makes things like medicine more expensive than they would have paid at another store.
- Healthcare, if you do not have health insurance, Walgreens will charge more for your healthcare.
Cost comparison Between Walgreens And Costco:
A customer purchased Donepezil medicine, and its price was $198.80 for 30 tablets at Walgreens, but it does not have prescription drug coverage, and when he visited the Costco store, he found the same medication for only $14.87, which was less than 1,237 percent cheaper than at Walgreens.
Comparison Of Other Store Products And Prices With Walgreens:
The leading competitive stores for Walgreens are Walmart, CVS, and Costco, and when we compare the prices of the products among all these stores, a basket cost $5.42 at Walmart, and the same basket cost $136.02, which was $40.86 more expensive than at Walmart. While CVS charges for the same basket, it is $36.83 more expensive than Walmart.
Conclusion
Walgreens offers many products at its stores, such as medicines, grocery items, photo services, and a few more, all at a single store, and due to all these conveniences, Walgreens charges more from the customers. There are several reasons why Walgreens is so expensive: the government does not have a specific regulation to decide the cost of medication, the location of the store; the demand for the medicine; and many more reasons that affect the price.
