[Vision2020] Fwd: WAL-MART CUTS GENERIC PRESCRIPTION MEDICINES TO $4- Letter and Press Release
Tom Trail
ttrail at moscow.com
Thu Sep 21 12:42:42 PDT 2006
>
>Visionaries:
This press release from wal-mart was sent out to all legislators. It details
Wal Mart's new low cost generic drug program.
Rep. Tom Trail
>Karianne Fallow
>(Phone) 208/853.2007
>Sr. Manager
>(Fax) 208/853.5504
>Public Affairs
> karianne.fallow at wal-mart.com
>
>
>September 21, 2006
>
>Dear Idaho Legislator:
>
>I personally want to make you aware of an
>exciting new program we are piloting in Florida
>as part of our continued commitment to provide
>more affordable healthcare for America's working
>families. Today, Wal-Mart Stores, Inc.
>announced that it will make nearly 300 generic
>drugs available for only $4 per prescription for
>up to a 30-day supply at commonly prescribed
>dosages. The program, to be launched on Friday,
>September 22, will be available to customers and
>associates of the 65 Wal-Mart, Neighborhood
>Market and Sam's Club pharmacies in Tampa Bay,
>Fla. area, and will be expanded to the entire
>state in January 2007. Our intent is to take
>this program to as many states as possible next
>year.
>
>In February of 2005, our CEO Lee Scott pledged
>to work with government leaders to find real
>solutions to the nation's health care problems.
>We feel today's announcement is a step in the
>right direction. Our pharmacies see customers
>struggle with the cost of prescription drugs and
>we feel by cutting the cost of many generics to
>$4, we are helping to ensure that our customers
>and associates get the medicines they need at a
>price they can afford.
>
>Key components of the program include:
>
>§ The $4 pricing will be available to all
>pharmacy customers with a prescription from a
>doctor that can be filled with a covered generic
>medicine.
>
>§ This program will be available to the uninsured.
>§ Insurance will be accepted.
>§ The program presently covers 291 generic
>medications from many of the most common
>therapeutic categories.
>§ The medicines represented are used to
>treat and manage conditions including allergies,
>cholesterol, high blood pressure and diabetes.
>Some antibiotics, antidepressants,
>antipsychotics and prescription vitamins are
>also included.
>
>§ The program will be available statewide in Florida in January 2007.
>§ Wal-Mart intends to take the program to
>as many states as possible next year.
>
>Competition and market forces have been absent
>from our healthcare system, and that has hurt
>working families tremendously. We are excited to
>take the lead in doing what we do best - driving
>costs out of the system - and passing those
>savings to our customers and associates.
>
>The program will help alleviate a major
>challenge for seniors who have fallen into the
>"doughnut hole" coverage gap in their Medicare
>Part D prescription drug plans and now find
>themselves responsible for paying 100 percent of
>their prescription medicine costs.
>
>In addition, the program provides a solution for
>the nearly 2.7 million uninsured Floridians who
>may also avoid filling prescriptions and remain
>untreated. Wal-Mart estimates that the program
>will save the state's Medicaid program hundreds
>of thousands of dollars annually.
>
>More importantly, rising healthcare costs are
>eating up more and more of families' budgets, so
>this program brings a lot of value to our
>customers, associates and communities. For
>example, purchasing a 30-day supply of the
>popular diabetes drug, Metformin, for $4
>represents a nearly 50 percent savings from the
>cost of the brand name version of the drug. In
>addition, purchasing a 30-day supply of the
>brand name blood-pressure drug typically costs
>$12. Getting the generic, Lisinopril, for $4
>saves customers nearly $100 annually. These are
>medicines for diabetes, cardiovascular disease,
>asthma, colds and infections - the kinds of
>medicines that working families need so they can
>treat illness, manage conditions and stay well.
>
>For further information on the program, please
>do not hesitate to contact me or visit our
>website at
><http://www.walmartfacts.com>www.walmartfacts.com
>.. Wal-Mart looks forward to working with you
>to find real solutions to the health care
>challenges facing individuals and families in
>your state.
>
>Sincerely,
>
>
>
>Karianne Fallow
>
><<Pharmacy 09.21.06 FINAL.doc>>
>
>Karianne Fallow
>Sr. Manager, Public Affairs
>Wal-Mart
>7154 W. State St. #242
>Boise, ID 83714
>Phone- 208/853.2007
>Fax- 208/853.5504
>Mobile- 479/721.9485
>karianne.fallow at wal-mart.com
>
>
>
>
>
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--
Dr. Tom Trail
International Trails
1375 Mt. View Rd.
Moscow, Id. 83843
Tel: (208) 882-6077
Fax: (208) 882-0896
e mail ttrail at moscow.com
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