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Steve
09-21-2006, 04:54 PM
How will Wal-Mart getting into selling cheap generic drugs help you or your company?

Do you have any thoughts on this?

Generic drugs getting cheaper at Wal-Mart (http://money.cnn.com/2006/09/21/news/companies/walmart_drugs/index.htm?postversion=2006092114) - Wal-Mart announced Thursday a pilot program in Florida to sell about 300 generic prescription drugs for as low as $4 for a 30-day supply.

The program will be available to both insured and uninsured consumers, and will cover 291 generic medicines for things like allergies, high cholesterol, high blood pressure and diabetes.

In a conference call with reporters, Bill Simon, an executive vice president in Wal-Mart's pharmacy business, estimated that saving to customers would range from 16 to 67 percent.

For example, he said, buying a 30-day supply of the diabetes drug Metformin for $4 is nearly 50 percent less than the cost of the brand name version of the drug.

And a 30-day supply of a brand name blood-pressure drug that typically costs $12 would save customers $96 a year if they buy the generic, Lisinopril, for $4, he said. Once the 30 days are up, Simon said customers can renew the plan for another 30 days for as long as they need the prescription.

The $4 pricing will be available to all pharmacy customers with a doctor's prescription that can be filled with a covered generic medicine.

myrlin
09-24-2006, 10:13 AM
Personally this will help us a great deal! We live in Florida and have no health insurance. My husband is on diabetes & cholesterol medicine. If we will be able to receive his meds for $4.00 for a 30 day supply it will save us so much.
This will really help the many elderly that we have here in Florida also.

Steve
09-25-2006, 01:31 AM
How much do such medications cost you normally?

myrlin
09-25-2006, 08:09 AM
The generic for the diabetes med is about $30.00-30 day supply & the generic cholesterol is about $140.00-30 day supply.
$8.00 mo versus $170.00 mo would be great!