Prescription Price War
LA Times -- One of the nation's largest drugstore chains ratcheted up a price war Thursday (yesterday), offering deep discounts on generic prescriptions amid national concern about the spiraling cost of healthcare.
Drugstore giant CVS Caremark Corp. announced it would sell 90-day supplies of more than 400 medications for $9.99 and offer discounts for cash-paying patients at its in-store medical clinics.
The price war was unleashed by Wal-Mart Stores Inc., the country's largest retailer, a few years ago. Since then, many grocery stores have followed suit. Now savvy shoppers can buy many prescriptions for less than laundry detergent, face cream or a pound of deli meat.
MP: Just wondering, would we have fierce competition and price wars for prescriptions under socialized medicine?
HT: Ben Cunningham