Wal-Mart to sell over 300 Generic Prescription Medications for under $4

Wal-Mart to sell over 300 Generic Prescription Medications for under $4

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Wal-Mart is driving a hard bargain for competitors in the Pharmacy by offering 300 different generic prescription drugs for $4 for a months supply. The average price for generic medication ranges from $10 - $30.

Currently Wal-Mart has started doing a test run in 65 stores in the surrounding area of Tampa, Florida. If it is successful Wal-Mart will continue to offer the discounted rates to other Wal-Mart stores next year.

The prescription medications include commonly used medications to treat allergies, high blood pressure, cholesterol, and diabetes. The $4 price is for both the insured as well as the uninsured.

Wal-Mart was able to lower the prices not by negotiating lower rates with the drug companies, but by improving their internal operations to maximize efficiency. This efficiency will still allow for the company to make a profit.

Wal-Mart is also working on offering health plans to their employees, which some plans start as low as $11.

If you have prescription medications that you take on a regular basis it does pay to shop around. You will find that the prices range considerably. Even if your insurance covers the medication you are often paying a $10 - $15 co-pay that may be an inflated cost. If Wal-Mart goes national with this program, consumers will likely shop around more for perscription prices.

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