BENTONVILLE, Ark., Mar. 14, 2008 – In an address to the Council of Teaching Hospitals in New Orleans later today, Wal-Mart’s senior vice president and president of health and wellness, Dr. John Agwunobi will confirm a major milestone for the company’s $4 prescription program. Since its launch in September 2006, the program has now saved Americans more than $1 billion ($1,032,573,012.61 as of March 10, 2008).
In his prepared remarks, Agwunobi will mention that more than 100 of Wal-Mart’s $4 prescriptions are used to treat heart disease and diabetes. He will also add:
“While $1 billion in savings is an astonishing achievement, the real savings to America – and its health care system – are even larger. That’s because many of our competitors have also lowered their prices. $4 prescriptions now represent approximately 40 percent of all filled prescriptions at Wal-Mart. Nearly 30 percent of $4 prescriptions are filled without insurance – significantly higher than the 10 percent industry trend. But more importantly, this program has meant that people can now take the drugs that were prescribed to them. They no longer need to cut pills in half or not take the drugs at all.”
Wal-Mart, Sam’s Club and Neighborhood Market customers in Texas, Florida, North Carolina, Georgia and Missouri top the savings list respectively, each with more than $40 million in prescription drug savings. A breakdown by state is available at www.livebetterindex.com.
Wal-Mart’s $4 prescription program covers most commonly treated medical conditions and continues to drive down health care costs for families. For further information on the program, customers can call 1-800-WALMART or visit their area Wal-Mart, Neighborhood Market or Sam’s Club to discuss the program with their pharmacist. They can also learn more at www.walmart.com/pharmacy.
Wal-Mart Stores, Inc. operates Wal-Mart discount stores, Supercenters, Neighborhood Markets and Sam’s Club locations in the United States. The Company operates in Argentina, Brazil, Canada, China, Costa Rica, El Salvador, Guatemala, Honduras, Japan, Mexico, Nicaragua, Puerto Rico and the United Kingdom. The Company’s securities are listed on the New York Stock Exchange under the symbol WMT. More information about Wal-Mart can be found by visiting www.walmartfacts.com. Online merchandise sales are available at www.walmart.com