Wal-Mart's $4 generic prescription program in 14 more states
20 Oct '06
3 min read
In making the announcement, Bill Simon, executive vice president of the Professional Services Division for Wal-Mart, said the response in Florida has been considerable, with 88,235 new prescriptions filled in the ten days after the October 6, 2006 rollout.
Simon pointed out that customer savings on top-selling prescription medications in the program are projected to be significant. For specific medications, the company estimates the following approximate savings to Wal- Mart, Neighborhood Market and Sam's Club customers and members in Florida, based on August average retail prices from http://www.myfloridarx.com:
* Fluoxetine (20 mg), an antidepressant: about $210,000 monthly and $2.5 million annually on this medication. * Lisinopril (10 mg), used to treat high blood pressure: about $150,000 monthly and $1.8 million annually on this medication. * Atenolol (25 mg), a beta blocker: about $75,000 monthly and $900,000 annually on this medication.
"Our goal is to respond to customer demand, but to do so in a way that ensures that it will not interrupt our supply-chain management or in-store operations," he said.
"As we looked at all the factors necessary to expand the program into states earlier, these were the fourteen states where we could deliver the program in a way that meets the needs of our business, but even more importantly, meets the needs of our customers."
marketing@alchempro.com
