Wal-Mart, the store that the left has been demonizing quite regularly, has announced a test program in the Tampa Bay area to sell certain generic drugs. The pricing, 4 dollars for a 30 day supply. And they are hoping to get as many as 291 drugs added to the list that will sell for the the low 4 dollar price.
In a statement, CEO Lee Scott says the world’s largest retailer intends to “take the program to as many states as possible next year.” On average, generic drugs tend to cost between $10 and $30 for a month-long supply.
What is great about this is that Wal-Mart is the one company with the strength to force changes in how drug prices are charged. This program which is slated to roll out throughout Florida by the end of January and then across the country in 2007, is ground-breaking to say the least.
By offering a discount to everyone, not just selected groups, Walmart is breaking down a barrier to care that is present in society. And the pressure on drug companies when the generic is offered at such a low price is going to be significant.
Another great example of the marketplace correcting an issue without government involvement.