Released: July 03, 2008

New ways to save on drugs

Source: Joe Light, Money Magazine (CNNMoney)

We’ve reached a dubious health milestone: More than half of insured Americans are now taking at least one “maintenance” drug for a chronic condition, according to a recent health industry report.

Wal-Mart (WMT, Fortune 500), which in 2006 began selling 30-day supplies of generics for $4 a pop, just rolled out another plan perfect for people who take meds daily and have a high co-pay: a 90-day supply of any of about 350 generics for just $10 (or your co-pay, whichever is less).

Competitors like Target (TGT, Fortune 500) and Kroger quickly matched the price cuts. Some discounters might offer drugs that others don’t, so visit their websites to see if your medicine is on their lists.

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