Wal-Mart Stores Inc., the world’s largest retailer, announced Monday it would expand its discounted prescription drug program to offer 90-day supplies for $10 and add several women’s medications at a discount. It also said it would lower the price of more than 1,000 over-the-counter drugs.
The move marks the third phase of a company program that began in 2006 to provide a 30-day supply of generic prescription drugs for $4. The Bentonville-based company said the program has saved customers more than $1 billion.
With the expansion, the company began filling prescriptions Monday for up to 350 generic medications at $10 for a 90-day supply at Wal-Mart, Neighborhood Market and Sam’s Club pharmacies in the U.S. Almost all the prescription generics in the company’s $4 program were included in the expanded $10 offer, said Wal-Mart senior vice president John Agwunobi.
In addition, the company will add several women’s medications to its list of prescriptions available for $9, including drugs to treat breast cancer and hormone deficiency.
More. When Wal-Mart first announced its plan, some folks put a lot of effort into trying to find a downside to the program. Which is only logical, in a way. After all, everybody knows that Wal-Mart is evil, so if they offer people low cost medicines, that must also be evil somehow. The fact that it plan’s wickedness isn’t readily apparent only makes it more insidious. What Joseph Schumpeter said of capitalism generally seems here to be apropos of Wal-Mart in particular:
Capitalism stands its trial before judges who have the sentence of death in their pockets. They are going to pass it, whatever the defense they may hear; the only success victorious defense can possibly produce is a change in the indictment.
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