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Health News

Kmart expands generic drug program

A Kmart store in Round Lake Beach, Illinois, is seen in this November 17, 2004 file photo. REUTERS/John Gress

ATLANTA (Reuters) - Retailer Kmart said on Monday it has expanded its generic prescription drug program to include more than 500 common medications from about 300 and cut prices for some products as of June 22.

Kmart, a unit of Sears Holdings Corp, is offering more than 100 generic antibiotics and cold treatments for $5 a prescription and has lowered the cost of a three-month supply for many drugs to $10 from $15 at its 1,100 pharmacies nationwide.

There are still some generic drugs -- about 130 -- that cost $15 for the 90-day supply, a spokeswoman said.

Additionally, the retailer also said it now provides about 50 generic drugs for women -- including oral contraceptives, prenatal and osteoporosis medications -- at prices of up to $25 for a 90-day supply.

Kmart is seeking to boost sales as its parent company restructures operations.

Programs offering discounted prices for drugs have proliferated since Wal-Mart Stores Inc began offering widely used generic prescriptions for $4 in 2006. Since then, retailers including grocery stores have moved to offer lower-cost generic drugs.

Reporting by Karen Jacobs, editing by Gerald E. McCormick

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