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?