Walgreens, Caterpillar Ink Pharmacy Benefit Deal

August 26, 2009 (PLANSPONSOR.com) - A program by drugstore chain Walgreens offered to employers featuring prescription drug benefits in their health care program includes a price list reflecting the cost Walgreens pays the drug supplier.

A Walgreens news release said Caterpillar Inc. had signed up for the drug pricing program.

“Transparency around pharmacy pricing, elimination of unnecessary and hidden costs in the prescription drug supply chain and the opportunity to effectively deliver lower cost solutions are in great demand by the employer community,” said Todd Bisping, Caterpillar’s pharmacy benefits manager, in the news release.

According to the announcement, Walgreens and Caterpillar also agreed to explore other ways of creating an integrated health care and pharmacy program through Walgreens Complete Care and Well-Being program. The program combines work site health centers, in-store clinics and pharmacies with the discount prescription drug offering that is available nationally.

In addition, Walgreens is separately providing Caterpillar employees, dependents, and retirees a discount on all Walgreens branded and non-branded products, effective January 1, 2010.

More than 70,000 Caterpillar employees, retirees and eligible dependents will have access to prescription drugs purchased under the program, according to the announcement.