The retailers we love to hate
Bad, Bad Wal-Mart:
BENTONVILLE, Ark., March 14 /PRNewswire-FirstCall/ — In an address to the Council of Teaching Hospitals in New Orleans later today, Wal-Mart’s senior vice president and president of health and wellness, Dr. John Agwunobi will confirm a major milestone for the company’s $4 prescription program. Since its launch in September 2006, the program has now saved Americans more than $1 billion ($1,032,573,012.61 as of March 10, 2008).
[...]
"While $1 billion in savings is an astonishing achievement, the real savings to America — and its health care system — are even larger. That’s because many of our competitors have also lowered their prices. $4 prescriptions now represent approximately 40 percent of all filled prescriptions at Wal-Mart. Nearly 30 percent of $4 prescriptions are filled without insurance — significantly higher than the 10 percent industry trend. But more importantly, this program has meant that people can now take the drugs that were prescribed to them. They no longer need to cut pills in half or not take the drugs at all."
And, yes I know that this is the company’s own press release. So arbitrarily lets reduce the amount by 50% - still not bad, isn’t it?
Tags: Competition, The Free Market, Wal-MartRelated posts
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