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BENTONVILLE, Ark., July 24, 2012 /PRNewswire via COMTEX/ -- Walmart today launched an effort to save diabetes patients in the U.S. up to $60 million annually with Walmart's exclusive ReliOn brand of diabetes products. ReliOn products provide an affordable, high-quality option to help the nearly 26 million individuals who live with diabetes in the U.S. better manage their disease.
In particular, Walmart introduced today the low-cost ReliOn Prime meter and blood sugar test strips. The retailer will offer the ReliOn Prime meter for $16.24 and ReliOn Prime blood sugar test strips at $9 for 50-ct strips, or 18 cents per test. People with diabetes use meters and blood sugar test strips daily to test their blood sugar levels and determine when they need to take insulin.
This is really good news. If I bought my strips monthly at the pharmacy, this is approaching my co-pay. And I have a good insurance plan. So for many, it may actually be cheaper to just buy the stripes directly without involving insurance.
Kudos to Walmart for doing this. I was going to hold my breath waiting to see if the medical industry was going to do this on their own, but that would probably not be a good idea.
are they already available ? I know they have strips 50 for $20 right now.
This demonstrates the kind profit margin those charging $1.00 per strip are making.
Here's an article from Diabetes Forecast Magazine that estimates the cost “To manufacture the most advanced test strip is no more than 15 cents per strip.” The same article says "manufacturers reap a 70 to 80 percent profit on strips".
If you feel like a cash cow repeat after me ..... "Moo".
it is shameful the way they take advantage, badmoont2. they must be rollin in it!!
They are currently listed for sale on their site.
It is also listed on the Relion site.
This is awesome news!! My insurance limits me to 8 strips per day, but I test as much as 14 times per day (which means I have to buy the rest out-of-pocket). Having a cheaper alternative is excellent. I will definitely be getting some of these.
Note too that Walmart offers R and NPH insulins for just $25/vial. While most of us don't use NPH and R, it's good to know that, in a pinch, I can walk into any Walmart and, for $50, get what I need to at least stay alive. In most places, you can get R and NPH without a prescription.
$25 per vial!? I inquired about regular and NPH at the walmart nearest here and they told me $78 per 10ml vial... but then again this is Alaska and prices of virtually everything are much higher here...
Sounds good to me. I carry an xtra meter in my purse for when I go out and have to pay for thos strips since the macine is different from the strips I get from the insurance. Walmart proves machines and strips can be cheaper.
Indeed good news. Walmart just went up in my estimation.
Sounds good! I'll have to go check it out. I'm currently using the kroger/target meter which is $36 for 100. If I could have $20 every two weeks. I'll definitely consider switching!