Wal-Mart Stores Inc., the world’s largest retailer, is using its heft to offer lower-cost prescription drugs and stepping up competition with pharmacies at CVS Caremark Corp. and Walgreen Co.
Wal-Mart plans to expand a program with Caterpillar Inc. to other U.S. companies, executives said in interviews this month. Under the partnership, Caterpillar bypasses a third-party provider and gets pricing on drugs directly from the retailer. Caterpillar then passes some of those savings on to employees by waiving a $5 co-payment on generic drugs bought at Wal-Mart.
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