Karen Kerrigan is the president and CEO of the Small Business & Entrepreneurship Council.

Karen Kerrigan is the president and CEO of the Small Business & Entrepreneurship Council.

Stories this photo appears in:

Tease photo

How PBMs are hurting your local pharmacy

Across the country, local pharmacies are boarding up. A major new study from McKinsey found that the number of independent U.S. pharmacies has declined by half since 1980 -- leaving just 20,000 in business nationwide. Those that remain are reporting their slimmest profit margins in a decade.