From AP:
Wal-Mart Stores Inc., the world's largest retailer, announced Monday it would expand its discounted prescription drug program to offer 90-day supplies for $10 and add several women's medications at a discount. It also said it would lower the price of more than 1,000 over-the-counter drugs.
Target Corp. said late Monday it would match the major elements of Wal-Mart's program.
Wal-Mart's move marks the third phase of a company program that began in 2006 to provide a 30-day supply of generic prescription drugs for $4. The Bentonville-based company said the program has saved customers more than $1 billion.
With the expansion, the company began filling prescriptions Monday for up to 350 generic medications at $10 for a 90-day supply at Wal-Mart, Neighborhood Market and Sam's Club pharmacies in the U.S. Almost all the prescription generics in the company's $4 program were included in the expanded $10 offer, said Wal-Mart Senior Vice President John Agwunobi.
This being a presidential election year, I think it's fair to point out that Barack Obama has made clear his opposition to Wal-Mart because they employ a non-union work force. "I won't shop there" is what he says. Target is non-union as well, but that hasn't attracted the ire of the junior senator of Illinois, whose Hyde Park neighborhood has one supermarket, which is non-union. Just where does the Obama family shop when they're in town?
As for Wal-Mart, perhaps Obama the elitist can't lower himself to shop at the world's largest retailer. I shop there, and when I undertake next week's My Mississippi Manifest Destiny trip, I'll be spending a lot of money for my daily provisions of such staples as bottled water.
But at a time of economic sluggishness--but not a recession---Wal-Mart and Target's price cutting is great news for all Americans.
Related posts:
Wal-Mart prescription program has saved Americans over $1 billion
Obama's Wal-Mart connection: Wife served on board of big Wal-Mart supplier
The good life of working for the UFCW
My book report: The Wal-Mart Revolution: How Big Box Stores Benefit Consumers, Workers, and the Economy
Technorati tags: Wal-Mart Business retail Obama Barack Obama democrats elections Target union labor pharma Michelle Obama
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