Sunday, September 24, 2006

Wal-Mart to sell generic drugs for $4 per month

Wal-Mart has announced, according to Fast Company Now, that it will begin selling 291 types of generic prescription drugs for only $4 per month.  Why is Wal-Mart doing this?  It’s a little hard to tell if it’s a move to literally destroy their competition or if it is as Wal-Mart CEO, Lee Scott, states:

"Competition and market forces have been absent from our healthcare system, and that has hurt working families tremendously"

Here’s the simple fact of the matter: $4 per month is less than most people’s insurance co-pays for generics.


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