Retail News Breaks
Walmart Part D plan: Hypertension drugs for a penny
November 7th, 2012
BENTONVILLE, Ark., and LOUISVILLE, Ky. – Next year, Walmart will enable members of its co-branded Medicare Part D plan with Humana to get common hypertension medications for 1 cent each.
The discount store giant and health insurer said Wednesday that beginning in 2013, members of the Humana Walmart-Preferred Rx Plan will have access to 10 hypertension drugs for one penny each when the prescriptions are filled at one of the 4,400 Walmart pharmacies, including Sam's Club.
High blood pressure medicines to be available for 1 cent include lisinopril, hydrochlorothiazide, metoprolol tartrate, atenolol, lisinopril-hydrochlorothiazide, triamterene-hydrochlorothiazid, enalapril maleate, benazepril, nadolol and captopril.
John Agwunobi, president of Walmart's health and wellness division, noted that patient are more likely to adhere to their prescriptions if the cost factor is removed.
"We are committed to making pharmaceuticals more affordable so our customers can ultimately live healthier lives," Agwunobi said in a statement. "The Humana Walmart-Preferred Rx Plan will help eliminate out-of-pocket costs for high blood pressure treatments so more patients can follow the regimen prescribed by their physicians."
With the offering, Humana Walmart-Preferred Rx Plan members will pay 1 cent for the designated hypertension drugs through all phases of their benefit, regardless of whether they have met their deductible or are in the coverage gap.
"A recent study from the Centers for Disease Control and Prevention found that close to 70% of Medicare beneficiaries aged 65 and older have hypertension," stated William Fleming, president of Humana Pharmacy Solutions. "This statistic underscores the importance of offering affordable, high-quality prescription drugs to baby boomers and other beneficiaries as part of the Humana Walmart-Preferred Rx Plan."
The companies added that their co-branded Medicare Part D plan has grown by more than 50% over the past year and has about 1.5 million Medicare beneficiaries enrolled.
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