Walmart/Humana at it again
In 2006 they both got their "hands slapped" - along with some other major chains - because they put the Walmart Logo on the Humana Part D Rx cards. Because it was both ILLEGAL and confused Part D folks that they had to get their Rxs filled at Walmart .. if they had Humana Part D.
Now they are putting substantial financial dis-incentives if people get their Rxs filled at any pharmacy other than Walmart/Sams or mail order.
..IMO ...Another example of ".. money talks and crooks walk ..."
When the world's largest corporation sponsors a Medicare Part D plan, a lot of people sit up and take notice. That's what is happening now with this morning's announcement that Walmart and Humana are sponsoring and co-branding a Part D plan for 2011. It is called Humana Walmart-Preferred Rx.
We've been tracking this for several weeks and here's what we know today:
The monthly premium is $14.80 nationwide—about 50% lower than the average PDP monthly premium.
The annual deductible is $310.
The plan hit the low-income subsidy (LIS) benchmark in all 50 states, making it likely that a substantial number of dual eligibles will be auto-assigned to it.
The plan will feature a preferred network of pharmacies that includes Walmart, Sam's Club, and Neighborhood Market stores.
The formulary will be heavily tilted toward generic utilization with three different copay tiers for generics—preferred, non-preferred, and those that are neither.
Once the deductible is met, the copay for a 30-day supply of preferred generics at Walmart is $2 and $0 through Humana's RightSource mail order vs. $10 at other network pharmacies.
For most generics, the copay for 30 days at Walmart is $5 vs. $10 at other network pharmacies.
For non-preferred generics and preferred brands, the copay for 30 days is 20% at Walmart vs. 37% at other network pharmacies.
For non-preferred brands, the copay for 30 days at Walmart is 35% vs. 50% at other network pharmacies.