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4:15pm on Thursday the 2nd 2010f September
THE EVIL OF DOING WELL BY DOING GOOD?

Wal-Mart Stores Inc. is expanding its national $4 generic prescription drug program by about 10 percent, adding drugs for some new conditions.

The world's largest retailer said Thursday it has added drugs covering glaucoma, attention deficit disorder, attention deficit hyperactivity disorder, fungal infections and acne.

Two prescription birth control drugs and one fertility drug were added at $9, reflecting a higher cost that the company said could not be brought down further.

The Bentonville, Ark.-based retailer launched the $4 generics program late last year as it pushed a variety of health and environmental initiatives to counter political pressure led by union groups over its labor practices, including health insurance.

"We have taken what we do best, working with suppliers, driving costs out of the supply chain and passing those savings to our customers. Now we're applying that to health care," chief operating officer Bill Simon said on a conference call for reporters and analysts.

The increase adds about 30 prescriptions, made up of 14 drugs in various doses, to a list of 331 prescriptions and 143 drug compounds sold under the first phase introduced last year.

Critics including the National Community Pharmacists Association, which represents non-chain pharmacies that compete with Wal-Mart, have called the discounts a publicity stunt that covers only a fraction of the 8,700 generic prescription drugs approved by the Federal Drug Administration.

AP digg this

First Wal-Mart offered affordable goods for Americans to buy. That was not enough for these evil minions of capitalism.

Then Wal-Mart goes and offers generic drugs for a reasonable price. Then even more drugs are tacked onto their program and they making a profit in the process.

How dare Wal-Mart do this to Americans?!?

The nerve!

Oh wait... those are all things I don't hate (and the closest thing to something interesting I came across all day).


P.S. A tenet of capitalism is you can meet with success by possessing a willingness to do what your competitors can not or will not do. Profitably selling medicine for a good price seems like one of those things.

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