Wal-Mart of course is known for driving down prices...will they have the same success with drugs as they have had with other suppliers? Will be interesting to follow the roll out of the program once more details are revealed...BD
Wal-Mart Stores CEO Lee Scott on Wednesday at an annual meeting in Kansas City, Mo., announced plans to begin a pilot program under which the company will help certain employers "manage how they process and pay prescription claims," an indication that Wal-Mart seeks to enter the pharmacy benefit manager business, the Wall Street Journal reports.
Scott did not name the employers or discuss the details of the program, but he said that Wal-Mart could save the companies more than $100 million this year. According to a Wal-Mart spokesperson, the employers might contract with the company to fill all or a majority of prescriptions for employees. Wal-Mart could reduce health care costs for the employers through a program that offers prescriptions of generic medications for $4 (Zimmerman/Martinez, Wall Street Journal, 1/24).