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Wal-Mart Looks To Expand Direct-To-Employer Drug Pilot

Kimberly Morrison reports that pharmacy benefit managers could soon find themselves contending with Wal-Mart to broker prescription drug prices. The retailer is looking to expand a two-month-old pilot project it has with Caterpillar to negotiate drug prices for its 70,000 employees. Like many companies, Caterpillar had relied upon pharmacy benefit managers like CVS Caremark or Express Scripts to negotiate drug prices.

"Any time Wal-Mart is getting into your business, there is reason to be worried," says Scott Alaniz, an analyst with Boston Mountain Money Management.??

Read the whole story at The Morning News [Northwest Arkansas] »

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