For years, Dale Horton and his family bought most of their prescription drugs at their nearby Shoppers Drug Mart, with the costs covered largely by his employers benefit plan. But last year, his family switched to another pharmacy, at Costco Wholesale Canada, after his employer teamed up with the discounter. A Costco store isnt as close to his home as Shoppers, but Mr. Horton, an inventory specialist at Toromont Industries Ltd., prefers the trek to spending an extra $200 a year at Shoppers. Its not that I dislike them ... But if I can save myself some money and Im not inconveniencing myself too much, why wouldnt I do that? For its part, Toromont is shaving hundreds of thousands of dollars from its once-soaring bill to cover the annual prescription drug benefits for its 3,000 employees, partly by partnering with Costco, said David Wetherald, its vice-president of human resources. In the past 18 months, Costcos prescription sales among Toromonts work force have jumped tenfold, at the expense of other drugstores, no doubt in part because employees dont have to pay the regular $9 deductible per prescription. Thats coming out of somebody elses pocket, Mr. Wetherald said. The pockets in question … Continue reading
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