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Thursday, September 21st 2006

Customers Get Off Better Than Employees

Wal Mart is lowering the costs of generic drugs.

The giant discount chain, which has used its size to knock down the costs of toys, clothing and groceries, will sell 300 generic drugs for as low as $4 for a one-month supply. On average, generic drugs cost between $10 and $30 for a 30-day prescription.

Wal-Mart will test the lower prices at 65 stores in the Tampa, Fla., area and, depending on consumer response, is likely to expand the program next year.

The drugs covered by the program treat common conditions like allergies, cholesterol, high blood pressure and diabetes. In some cases, the company said, customers could save more than 60 percent over typical generic drug costs. The lower prices will be available to the insured and the uninsured.


Of Course Wal Mart Employees Will Still Be Expected To Pay Retail

Of course they insist they’re improving their employee healthcare,

In the past year, Wal-Mart has introduced several programs to improve health benefits for its workers, like extending insurance coverage to the children of part-time workers and starting a benefit plan with monthly premiums as low as $11.

[...]

Several states even considered legislation that would force the chain to increase its spending on health care, but only one such bill, in Maryland, became law. The law has since been struck down by a judge, and its future is in doubt.

For Wal-Mart, the lower generic drug prices could blunt criticism of its health care coverage and prove a boon to business. Wal-Mart’s chief executive, H. Lee Scott Jr., has identified the chain’s pharmacy business as an area that needs improvement, and $4 generic drugs could turn the chain into a destination for those seeking the best prices on prescriptions.

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