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CVS Slashes Generic Drug Prices

Stock quotes in this article: CVS , WMT , MHS , ESRX , WAG  

OKLAHOMA CITY -- CVS-Caremark (CVS Quote) is introducing next month a "health savings pass" that promises cut-rate prices on hundreds of generic drugs used to treat common conditions such as diabetes and high blood pressure.

After purchasing the $10 pass, CVS customers will pay just $9.99 -- a penny less than they would at Wal-Mart (WMT Quote) -- for a 90-day supply of 400 different generic maintenance drugs.

With that same card, cash-paying customers can also receive a 10% discount for treatment provided by the company's in-store MinuteClinics. ...

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