Walmart pharmacies are reporting a Levothyroxine shortage, due to the recent hurricane that struck Puerto Rico.
Levothyroxine is one of the drugs on Walmart’s $4 Generic List. Its price will be temporarily increased to $9 for a 30-day supply and $24 for a 90-day supply. Even with the price increase, Walmart remains to have the lowest prices available for Levothyroxine prescriptions.
We are keeping our eye on the price of Levothyroxine at other pharmacies. We will let you know if we see price increases there as well. According to PharmaBoardroom, 50 percent of the world’s leading pharmaceutical companies operate in Puerto Rico.
Levothyroxine isn’t the only drug in shortage. The FDA has announced that other drugs are in shortage, due to Hurricane Maria, and hospitals are being majorly effected.
Levothyroxine shortage statement
Walmart has released a statement to its customers filling Levothyroxine:
Attention Levothyroxine Customers: Due to the recent hurricane in Puerto Rico, where Levothyroxine is manufactured, there’s a temporary shortage and a cost increase to pharmacies. Effective December 8, 2017, your price will increase temporarily to $9 per 30-day supply or $24 per 90-day supply. We value your loyalty and business and are committed to offering you affordable pharmacy products and services. We’ll return to regular pricing as soon as this shortage has been resolved.
It is unclear when the shortage will be end. Walmart officials say pharmacies will return to regular pricing, once the shortage has been resolved.
This may not be a nationwide concern yet, since the FDA has not announced any sort of shortage on their website. At this point, Walmart is the only known pharmacy to be affected by the Levothyroxine shortage.
Walmart and the Walmart Foundation announced they committed up to $5 million in cash and product to assist Puerto Rico with recovery efforts. Walmart operates 45 retail facilities in Puerto Rico, which includes a satellite headquarters and two distribution centers.
What is Levothyroxine?
Levothyroxine is a thyroid medication used to replace a hormone produced by the thyroid gland. The drug treats hypothyroidism. Thyroid glands help regulate the body’s energy and metabolism.
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