Rite Aid Message Board - Msg: 17152150

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Non-Tech : Rite Aid

RAD 0.648

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Oct 16 5:00 PM EST

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To: Marty Rubin who started this subject	3/5/2002 10:36:25 AM
From: Marty Rubin	of 42

Lilly to Discount Drugs for Elderly on Low Incomes Tuesday March 5, 1:12 am Eastern Time Lilly to Discount Drugs for Elderly on Low Incomes The pharmaceutical industry's effort to stave off government-negotiated drug- price controls will receive another push Tuesday when Eli Lilly & Co . announces a plan to make medicines available to low-income older Americans for just $12 a month, Tuesday's Wall Street Journal reported. The Lilly (LLY) drug plan, to be made public at a news conference featuring Health and Human Services Secretary Tommy Thompson, would be the lowest-cost industry plan yet. It requires only the $12 monthly payment for major therapies like Humulin and Humalog for diabetes, osteoporosis drug Evista and Zyprexa, the $3-billion-a-year psychosis drug used for dementia in the elderly. The Lilly plan appears to undercut substantially discount plans announced last year by Novartis AG and GlaxoSmithKline PLC. It is slightly cheaper than a Pfizer Inc. plan announced in January that would provide drugs at $15 a month. For the industry, the question is whether the combined efforts of those players will suffice to diminish talk in Congress of establishing mechanisms to control the price of drugs for older Americans. The Lilly plan is called LillyAnswers and is expected to go into effect at pharmacies next month. It applies both to people with disabilities who are in the Medicare insurance program, and to people over 65 with an annual income below $18,000 per individual or $24,000 per household. The Indianapolis company says the program will apply to more than five million Americans and could save participants an average of $600 annually. Copyright (c) 2002 Dow Jones & Company, Inc. All Rights Reserved. URL: biz.yahoo.com

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