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Wal-Mart Expands Generic Drug Program

Wal-Mart Stores announced today that it is expanding its generic drug program to include, among other things, drugs used to treat ADD/ADHD. The generic medicines will be available for $4 for a one-month supply.
"'This announcement reinforces our commitment to driving costs out of the health system and saving money for our customers so they can live better, healthier lives,' said Dr. John Agwunobi, Wal-Mart senior vice president and president for the professional services division."
The discount drugs will be offered at over 4,000 Wal-Mart, Sam's Club and Neighborhood Market stores across the nation.

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Labels: medications, health_care_costs

Posted By: Aspen Education Group 5 Comments

Autism Costs the US Economy Over $35 billion Every Year

A new study indicates that every person with autism costs society $3.2 million over his or her lifetime. Autism costs the US economy about $35 billion every year.

The cost is mostly in lost wages and adult care, and not for childhood medical costs and therapy.

Researchers at Harvard University found that in the first five years of life, insurance companies and families spent about $35,000 every year on therapy for an autistic child. While the child is growing up, the disease costs the family about $43,000 annually, mostly in lost parental income. However, the big costs came for adults with autism. Many people with the disorder cannot work and rely on their parents to provide care. The cost of such an arrangement translates to about $52,000 a year.

This study appears in the April issue of the Archives of Pediatric and Adolescent Medicine.

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Labels: autism, parents, health_care_costs

Posted By: Aspen Education Group 0 Comments