Posted on September 22, 2006
Wal-Mart has launched a plan to sell generic prescription drugs for $4. The program will cover 294 general prescription drugs to start with. The first Wal-Mart stores to run the plan will be in the Tampa Bay, Florida area. In January 2007 Wal-Mart will expand to cover the rest of Florida. Here are some of the key components of the plan according to a Wal-Mart press release
The $4 pricing will be available to all pharmacy customers with a prescription from a doctor that can be filled with a covered generic medicine.
This program will be available to the uninsured.
Insurance will be accepted.
The program presently covers 291 generic medications from many of the most common therapeutic categories.
The medicines represented are used to treat and manage conditions including allergies, cholesterol, high blood pressure and diabetes. Some antibiotics, antidepressants, antipsychotics and prescription vitamins are also included.
The program will be available statewide in Florida in January 2007.
Wal-Mart intends to take the program to as many states as possible next year.
Update 9-23-06: USA Today reports that Target has announced plans to match Wal-Mart $4 price on generic drugs in the Tampa Bay area.