Wal-Mart Cuts Premiums, Adds $4 Generics

Bentonville, Ark., Wal-Mart Stores Inc. is adding $4 generic drugs to its health-insurance plans and offering lower premiums and deductibles, according to the Associated Press.

Wal-Mart said the new 2008 plan will add more than 2,400 generic prescriptions at $4 each. The current plan offers fewer than 20 generic drugs for a co-pay of $3.

It will also offer premiums on its lowest-priced Value Plan as little as $8 a month nationwide, from $24 a month, currently. The new lowest-premium plan for individuals has a deductible of $2,000 a year but no maximum on coverage and an upfront credit of $100 before the deductible kicks in.