Wal-Mart Lowers Drug Prices in Tampa Bay Area

Wal-Mart
TAMPA -

Wal-Mart announced today it will sell generic versions of some of the most widely-prescribed drugs at prices as low as $4 for a one-month supply.

The giant chain store will test the lower prices at 65 stores in the Tampa Bay area before it is expanded. Bill Simon is Wal-Mart's executive vice president. He spoke earlier today at the Wal-Mart Supercenter on Gunn Highway in Tampa.

SIMON: The price will be available immediately in the Tampa Bay area, and will be available statewide in Florida in January. We intend the take the program nationwide next year.

Simon says competition and market forces have been absent from the healthcare system. The discounts will take effect on 291 generic medicines that treat common conditions like allergies, cholesterol, high blood pressure and diabetes.

The move by the nation's largest retailer could force rival pharmacies to cut their prices, as well.

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