The Everyday Economist

More on Wal-Mart and Prescriptions

September 27, 2006 · Leave a Comment

The Toledo Blade opines:

WAL-MART’S dramatic announcement that it will start selling hundreds of generic prescription drugs for $4 a prescription, even if the purchaser has no insurance, has the potential to shatter high prices that have forced many Americans, particularly the elderly, to make a most difficult choice: food or medicine.

This is indeed good news. However, the much larger point is that markets work. Wal-Mart is successfully doing what the government has failed to do (as the government so often does).

Categories: Economic News

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