Wal-Mart to Sell Generic Prescription Drugs for $4
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.