Saturday, February 12, 2005

Walgreens looks pretty dumb in this case

You might want to check out this article, it reports on how GM has dropped Walgreens as a prescription provider for its health insurance plans because of a dispute over GM's requirement that drugs for chronic conditions be filled by mail order pharmacies that are usually considerably cheaper. You certainly can't blame GM for wanting to control drug prices however they can, especially with the huge number of retirees that GM provides health care coverage. Walgreens is understandably trying to protect their turf, but you would think they would realize that a big company like GM will have to do whatever they can control to rein in costs.

You can read the story here:
http://story.news.yahoo.com/news?tmpl=story&cid=568&ncid=749&e=4&u=/nm/20050211/bs_nm/autos_gm_walgreen_dc

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