Wal-Mart prescription program has saved Americans over $1 billion

My friend Tristan Roy over at Edelman sent me this story about Wal-Mart's $4 prescription plan.

Remember the 2000 presidential election? One of the major issues that year was the high cost of prescription drugs. Three years later, Congress passed the Medicare Prescription Drug, Improvement, and Modernization Act, which helped lower the cost of medication for seniors.

As for everyone else, Wal-Mart stepped up in 2006 with a test program offering $4 prescription medications in certain test markets. Wal-Mart expanded the program nationally last year, and today Arkansas Business reports that Americans have saved over $1 billion because of it. Several Wal-Mart competitors, including Target, matched the offer, saming Americans even more money.

Unfortunately, big city politicians in cities like Chicago, such as Alderman Joe Moore, prefer to demonize Wal-Mart, costing urban Americans, millions, if not more.

Some people just don't get it.

Technorati tags: Wal-Mart Business Big Box retail Chicago politics Illinois prescription drugs Joe Moore Target