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Market Update : 
Walgreens Q3 Earnings Call Transcript
Author: 123jump.com Staff
123jump.com
Last Update: 9:55 AM ET June 25 2009


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No, the 35 pilot stores.

Gregory D. Wasson

I think it will be both. Certainly if we attract new patients, new customers, we’ll see lift.

John Heinbockel - Goldman Sachs

Okay, and then finally, what’s the prognosis? I know you mentioned state Medicare a bit earlier. Washington went well for you, sort of well for you, compared to where it was. Are we going to have this sort of that? Is this going to be a recurrence where the states put out these very aggressive reimbursement targets and through litigation or whatever, we get dialed back to something more reasonable? Or are we going to sit at a reasonable level at the beginning?

Gregory D. Wasson

John, that’s certainly hard to predict. I do think that we cannot fill prescriptions below our cost and we’d much rather be filling prescriptions for Medicare patients across the country and I think we will have to approach and take state by state based on how they go forward. I do think that there’s huge opportunity, like there was in the state of Washington and like we are doing with the state of Delaware for us to help states save cost in other ways. Generic utilization, as I said, and I think we’ll be proactive, much more proactive going forward with states to help them design better benefits that help one, provide a better overall healthcare for their beneficiaries as well as reduce cost.

John Heinbockel - Goldman Sachs

Okay, thank you.

Gregory D. Wasson

Hey, Cecilia?

Operator

Yes, sir?

Gregory D. Wasson

This is Greg. We’re not tired yet. We’ll take another question.

Operator

Okay, no problem. We’ll go next to Ed Kelly of Credit Suisse.

Edward Kelly - Credit Suisse

Good morning. Thanks for taking another question.

Gregory D. Wasson


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