My Wal-Mart Fixation

David Freddoso at NRO on the $4.00 prescriptions:

In September of 2006, Wal-Mart rolled out its $4 generic prescription deal, which promised to provide a month’s supply of some 300 drugs (now 361) for less than the cost of a pint of beer. Several other chains — Target, Costco (which is now offering 100 drugs for $10), and Kroger’s, among others — lowered prices in order to compete. Wal-Mart announced last month that its program alone, enacted without any government compulsion, has saved consumers $1.03 billion in less than 18 months. If the other firms’ price reductions are included as well, the total savings could easily be twice as great.