Those gay-video-selling hippies from Bentonville are at it again. They’re always forcing big companies to accept smaller profit margins and then passing on the savings on to their Average Joe customers. Now the issue is prescription drugs:
Wal-Mart, the world’s largest retailer, plans to slash the prices of almost 300 generic prescription drugs, offering a big lure for bargain-seeking customers and presenting a challenge to competing pharmacy chains and makers of generic drugs. The drugs will be sold for as little as $4 for a month’s supply and include some of the most commonly prescribed medicines such as Metformin, a popular generic drug used to treat diabetes, and the high blood pressure medicine Lisinopril. … Analysts said consumers will save an average of 20 percent and up to 90 percent in some cases.
Ted Balaker is an award-winning filmmaker, journalist, and founding partner of Korchula Productions, a film and new media production company devoted to making important ideas entertaining.