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Walgreens Statement On Fiscal Cliff

Stocks in this article: WAG

Walgreens (NYSE: WAG) (Nasdaq: WAG) today issued the following statement from President and CEO Greg Wasson:

“Walgreens supports the bi-partisan efforts of policymakers in Washington, including the President and Congressional leadership, who are working hard together to achieve consensus solutions to avoid the fiscal cliff before the end of the year.

“As we all know, resolving the federal revenue and spending issues to avoid the fiscal cliff is critical to our nation, our economy and further recovery, as well as America’s future global competitiveness. We understand that the decisions necessary to avoid the fiscal cliff are far from easy. But these important fiscal decisions are critical to families across America, like the customers and patients who depend on Walgreens for their consumer and health care needs. It is absolutely clear that we need to protect their jobs, health and economic future by avoiding the fiscal cliff, curbing the federal debt and bringing our nation to long-term, sustainable fiscal health.

“Tough decisions in Washington to avoid the cliff, balancing both revenue and spending considerations including entitlement reform, are also vital to America’s businesses like Walgreens that will benefit from federal fiscal clarity to make investments that ultimately advance jobs, growth and prosperity for all.

“We hope Walgreens view will play a helpful role as policymakers in Washington strive to achieve the consensus they seek to avoid the fiscal cliff, and put America on a healthy fiscal course that will ensure our growth, prosperity and competitiveness well into the future.”

About Walgreens

As the nation's largest drugstore chain with fiscal 2012 sales of $72 billion, Walgreens ( www.walgreens.com) vision is to become America’s first choice for health and daily living. Each day, Walgreens provides more than 6 million customers the most convenient, multichannel access to consumer goods and services and trusted, cost-effective pharmacy, health and wellness services and advice in communities across America. Walgreens scope of pharmacy services includes retail, specialty, infusion, medical facility and mail service, along with respiratory services. These services improve health outcomes and lower costs for payers including employers, managed care organizations, health systems, pharmacy benefit managers and the public sector. The company operates 8,030 drugstores in all 50 states, the District of Columbia and Puerto Rico. Take Care Health Systems is a Walgreens subsidiary that is the largest and most comprehensive manager of worksite health and wellness centers and in-store convenient care clinics, with more than 700 locations throughout the country.

Copyright Business Wire 2010

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