Wal-mart Adds 90-day Supplies to Discount Prescription Drug Program
Adding Several Medications to the Plan for Women; Reducing Over-the-counter Drug Pricing
Is this a good move? The same question came up when Wal-Mart initially began offering the same prescription drugs for the $4 price. To this date, the program has done a lot of good for people that do not have insurance to cover the prescriptions or for those on fixed incomes with multiple drugs needed to sustain life. From a consumer's point of view it works, because it also forced other retailers to reduce their prices in order to compete with Wal-Mart.
Will this be a positive in the long run? Only time will tell. One might ask why could anything having to do with discounting prescription or over the counter drugs be a bad thing. The reason is that Wal-Mart is a large retailer. With their Wal-Mart Stores, Wal-Mart Supercenters, Wal-Mart Neighborhood Markets, and Sam's Clubs, the company has a large share of the retail market. This could eventually cause them to monopolize the retail industry that sells drugs, possibly eventually forcing their competition to stop their sale of drugs. In turn, with all of the competition out of the way, Wal-Mart would then be able to increase the price in those same medications.
The government normally can control such situations, so that no one company has a monopoly. However, who knows what may happen in the future. This has not happened as of yet, and hopefully it will not happen, but we as consumers must be aware of the possibilities. Nevertheless, for now, the plan works and generously assists millions of consumers everyday.
Source:
Peggy Harris, Wal-Mart expands low-price drug program; Target follows,Yahoo.com
Published by Yona Gold
As a freelance writer I have had the pleasure to write on various subjects. They range from writers of classic literature to technical writing to travel experiences to job searches. Writing is a great pass... View profile
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