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Wal-Mart: Customers Saved $1 Billion Due To $4 Prescription Program

Dow Jones
March 14, 2008

DOW JONES NEWSWIRES

Wal-Mart Stores Inc. Friday said it has saved U.S. consumers more than $ 1 billion with its $4 prescription plan.

John Agwunobi, senior vice president and president of health and wellness at the retailing giant, noted that the plan had further-reaching implications because many of Wal-Mart's competitors cut their prescription prices as well.

He added that $4 prescriptions now represent about 40% of all filled prescriptions at Wal-Mart, and that almost 30% of $4 prescriptions are filled without insurance, compared with 10% in the industry.

-Michelle Donley; 415-439-6400; AskNewswires@dowjones.com

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