dyslexia wrote:However, the move may have little, if any, effect on the price consumers pay for their prescriptions. That's because most of the generics on Wal-Mart's discounted list either are not the most widely prescribed or already are heavily discounted by many health insurers.
Wal-Mart today will begin selling 30-day supplies of nearly 300 generic drugs for $4 per prescription at its stores in the Tampa Bay area of Florida. It said it plans to roll out the new prices at other Florida stores by January and to "as many states as possible" next year, though it provided no specifics.
Your statement is nearly entirely false. From the article:
Quote:The drugs will be sold for as little as $4 for a month's supply and include some of the most commonly prescribed medicines such as Metformin, a popular generic drug used to treat diabetes, and the high blood pressure medicine Lisinopril.
That last bolded sentence contradicts your statements that it is not widely used drugs or didn't give any specifics. Sure many of the drugs may be already deeply discounted, but in my checkbook the less I have to pay the better.
As far as consumers not seeing a price difference:
Quote:Late Thursday, rival Target Corp. said it would match Wal-Mart's prices at its stores in the Tampa Bay area.
Seems to me that competition has already lowered prices in rival target and will probably do the same soon in Walgreens. That is a price differenct that the consumers will see and will put even more pressure on the drug companies to lower their prices.