CVS Slashes Generic Drug Costs

Medications offered for under $10

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The drug war is heating up, after one of the nation's largest drugstore chains offers deep discounts on generic prescriptions.

Drugstore giant CVS Caremark Corp. announced it would sell 90-day supplies of more than 400 medications for $9.99 and offer discounts for cash-paying patients at its in-store medical clinics, the Los Angeles Times reported.  The news came amid national concern about the spiraling cost of healthcare.

The price war was unleashed by Wal-Mart a few years ago.

CVS's Rx Health Savings Pass program ties prescription savings to its in-store medical services.  Customers must enroll in the program by paying an annual fee of $10. Members paying cash can save 10% on visits to the retailer's in-store MinuteClinics.

The program begins Nov. 9.

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