Rite-AID (RAD) Overdone or Done In? Message Board

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Non-Tech : Rite-AID (RAD) Overdone or Done In?

RAD 0.648

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Oct 16 5:00 PM EST

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To: kendall harmon who started this subject	7/11/2001 3:50:50 PM
From: Jeff Leader	of 700

Can't be good for RAD: from today's Schwab newsletter. Should be negative for Rite Aid: "Eric Weissenstein/Paul Heldman - Medicare: President Bush will unveil a set of Medicare principles today that includes a program that would give seniors a pharmacy discount card to purchase drugs at a discounted rate. The discount program would be run by pharmacy benefit managers (PBMs) and would be enacted through regulation, meaning it would not require congressional action. Such a program was opposed last year by retail pharmacies because much of the savings are likely to come from discounts negotiated at the pharmacy level and decreased dispensing fees. It would be potentially negative for retail pharmacy chains such as Walgreens (WAG 33)² and CVS (CVS 39)²."

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