Customer Service e-Trib Login East Valley Tribune| Classifieds| Cars| Jobs| Real Estate

Digg| Save| License| Print| E-mail| Decrease text size Reset text size Increase text size

Double-click any word or phrase in the story to search this site.
September 27, 2007 - 9:48AM
Updated: September 28, 2007 - 1:57AM

Wal-Mart expands low-price drug program

Donna Hogan, Tribune

Wal-Mart said Thursday it is expanding its $4 prescription program to include 24 new drugs and adding $9 birth control and fertility drugs to the list.

Rival Target quickly followed suit.

“Consistent with our long-standing practice to be price competitive with Wal-Mart, Target will match Wal-Mart’s addition to their $4 generic drug program. In addition, Target will match Wal-Mart’s $9 generic drug pricing,” said Target spokeswoman Brie Heath.

The new $4 drugs treat such ailments as glaucoma, attention deficit disorder, fungal infections and acne.

The deeply discounted generic drug prices can represent a big discount from the name brand equivalent, Wal-Mart said.

Last month, anti-fungal Lamisil, for example, sold for an average price of $337 for a month’s supply, according to Wal-Mart. The generic equivalent, terbinafine, is now available at Wal-Mart, Sam’s Club and Neighborhood Markets for $4, saving prescription holders $333 a month, the mega-retailer said.

With the new additions, 361 generic prescription products are now available at a reduced price at the discounters.

Wal-Mart said since the $4 program was introduced in September 2006, 40 percent of the prescriptions filled at Wal-Mart, Sam’s Club and Neighborhood markets were for the $4 reduced price drugs. Wal-Mart estimated the combined customer savings nationwide on those prescriptions at $610 million.

The full list of drugs available on the reduced price prescription program is available at www.walmart.com/pharmacy or www.target.com/pharmacy.

Or shoppers can phone their nearest Wal-Mart pharmacy to determine if their medications are on the reduced price list, said Wal-Mart spokeswoman Stephanie Johnston.

Wal-Mart said with the addition of the new drugs, its low-cost program covers “most commonly treated medical conditions.”

But the National Community Pharmacists Association, which represents non-chain pharmacies that compete with Wal-Mart, called the discounts a publicity stunt that covers only a fraction of the 8,700 generic prescription drugs approved by the Federal Drug Administration.

Analysts have said the main benefit for Wal-Mart was in drawing more shoppers into its stores who may come for prescriptions and then make purchases in other departments.

Wal-Mart shares closed at $43.61 Thursday, up slightly.

Wal-Mart’s estimate of the $4 prescription drug program impact on Arizona:

* Saved customers an estimated $10.5 million in first year.

* Provides solution for more than 1 million uninsured residents.

* Will save the state’s Medicaid program “tens of thousands of dollars annually.”

* Lower cost option for 816,639 Medicare beneficiaries if they hit the “doughnut hole” gap in Medicare Part D coverage. That requires patients pay 100 percent of drug costs after first $2,400 until ceiling of $5,421 is reached.

Reader comments: This site does not necessarily agree with comments posted below. Responsibility lies solely with the comment author.

Please add your comments, but follow these guidelines to keep this a safe, credible place for discussing the news:

  • Stay on topic.
  • No personal attacks, racial slurs or insults; no vulgar, lewd or threatening comments.
  • Report abusive comments.
Already a member? Sign in here
Publish your stuff
Welcome, Please Log In
To login please enter your username and password in the form below and click on the login button.
Remember me
Retrieve Password
Resend Email
Enter the username and email address for your account to resend you your confirmation email: