By Jenny Munro BUSINESS WRITER jmunro@greenvillenews.com
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GREER -- Wanda Hawkins, a Greer resident, held a list of
Wal-Mart's new $4 generic prescriptions in her hand as she wandered
through the store's pharmacy department.
"It's a good thing," she said of the company's decision to sell
about 300 generic drugs for $4 a prescription.
The company announced that its 69 pharmacies in South Carolina
began participating in the $4 generic drug program Thursday. The
company also announced Thursday that it is adding 17 more
prescriptions to the program.
Al Dominguez, Wal-Mart director of pharmacy administration, said,
"Any person can come to Wal-Mart and can get over 300 drugs in 26
therapeutic categories. We are proud to be part of the solution."
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Bi-Lo/Bruno's, based in Mauldin, said the supermarket's 173
pharmacies have a policy of matching prices on prescription
medications. That means its pharmacies would honor Wal-Mart's
program prices, said Curtis Hartin, the company's pharmacy director.
"This is not new for us," he said.
Kmart offers a 90-day generic program, which allows consumers to
buy three months of medication for $15. The program began in May and
is in effect at all of the company's 1,100 pharmacies.
While Wal-Mart's program appears to be a cost-saver at first
glance, Kmart's 90-day program is a better value and time saver for
customers, allowing them to return to the store every three months
instead of every 30 days, said Mark Doerr, vice president for Kmart
Pharmacy.
"The $15 cost spread over three months ultimately means that
customers are paying $5 a month for refills but saving money on gas
and valuable time associated with frequent trips to the pharmacy."
South Carolina joined 11 other states Thursday in the program. It
was launched in Florida in September and is now available in 3,009
pharmacies in 38 states. Since the program began, 2.1 million new
prescriptions have been filled.
Gov. Mark Sanford joined Wal-Mart officials and employees in
kicking off the program.
"This announcement of $4 prescription drugs is significant," he
said. "It's about the cost of health care in South Carolina. It's
about the cost of health care in America.
"Affordability is one of the key issues we face when it comes to
health care in South Carolina and elsewhere."
Health-care problems won't be solved with a single silver bullet
but with "lots of little silver bullets," he said.
State Sen. Jim Ritchie, R-Spartanburg, also welcomed the program,
saying, "The cost of health care is no secret. What Wal-Mart is
doing today will make South Carolina more competitive in the
marketplace."
This program will help the Upstate by lowering insurance rates,
allowing companies to create more jobs and helping those on fixed
incomes afford their medicine.
Nellie Burns, who has a prescription plan, isn't exactly sure how
the new program might affect her.
The Greer resident said that even with her plan, her medicine "is
still expensive."
However, she expects the program to be a big help to her sister,
who has medical problems requiring expensive medications.
Pat and Kenneth Young also are excited about the program. She
retired about a year ago and he is disabled, requiring lifesaving
medications. Young is spending enough on his medications that he
expects to hit the "gap" where he is required to pay for the total
cost of prescriptions this month.
"I know people it's taking food off their table," Pat Young said.
"They've hit a home run with this," her husband said.
Dominguez said the program means "people can shop on price,"
something not easily possible in the pharmaceutical field.
Wal-Mart is not losing money on the program, he said. It is
applying its business model of buying in bulk and using a
streamlined distribution system to pass value on to the consumer.
"We're selling it (the $4 drugs) for a profit," he said. "It's
not a loss-leader."
He said the company continually looks at generic drugs to find
more that can be added to the $4 list. Wal-Mart also is looking at
brand-name drugs, he said, to see if a similar program could be
possible.
Generic medicines generally cost between 30 percent and 60
percent less than equivalent brand-name products, according to
Wal-Mart. The company estimates that its list of $4 generic
prescriptions represents more than one in four of the prescriptions
currently dispensed in its pharmacies nationwide.
The $4 prescriptions currently are not available by mail order
but are available online or by telephone for refills for in-person
pickup.
Dominguez said he considers Wal-Mart a leader in the low-price
movement and expects it to lead the move to lower drug prices.
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