Walgreens (WAG) comments on Wal-Mart (WMT) “will put them out of business strategy” on the company conference call:
- For the 291 drugs that Wal-Mart will sell for $4, the average co-pay at Walgreens is $5.30 and for Medicare Part D patients it’s only $3.18.
- Wal-Mart’s program covers less than 300 generic medications while Walgreens pharmacies’ stock has about 1800 different generics.
- Over the years, WAG’s convenience, locations, and services have proven to be bigger factors for its patients than a few dollars in price difference – the point I argued in this article. Need I say more?
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