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Biz Insight

Biz Insight

08:58 AM CDT on Monday, May 5, 2008

TODAY'S TOP STORY

Wal-Mart adds more options to $4 drug program

By JASON ROBERSON / The Dallas Morning News

Wal-Mart Stores Inc. on Monday updated its $4 drug program to include a 90-day supply order, additional to treat osteoporosis and breast cancer, and more than 1,000 popular over-the-counter drugs at less than 50 percent of the cost.

Wal-Mart drug program
FILE/DMN

Wal-Mart also said it has saved Texans $149 million since starting its $4 drug program in September 2006, and Dallas-Fort Worth customers have saved nearly $46 million with the program.

"Access to affordable prescription medicines is vitally important to the health and well-being of Texans,” said Governor Rick Perry in a statement. “I applaud Wal-Mart's efforts to make this a reality through their $4 Program."

Strong pricing power helps keep drugs inexpensive for customers, said Bill Simon, executive vice president and chief operating officer of Wal-Mart’s Stores division.

“When our volume goes, up we’re able to buy better,” Mr. Simon said on a conference call Monday.

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