Huff Po Business reports:
"The nation's largest retailer sent out a request for potential partners last month that would help the store become "the largest provider of primary care services in the nation," according to NPR and Kaiser Health News. Walmart sent the request -- whichindicates that the store plans to offer services ranging from vaccinations to urine tests -- during the same week the retail giant said it would cut health benefits for part-time workers, according to NPR.
By making a push to become a player in the health care industry, Walmart is putting itself in position to take advantage of a highly profitable sector of the economy. And that shouldn't change any time soon. A recent report estimated that health care costs would account for a fifth of the entire U.S. economy by the end of this decade."
NPR reported the story & a Wal Mart spokesperson had this to say:
UPDATE: Walmart says its description of its health care ambitions in the request for information sent to vendors that was obtained by NPR was "overwritten and incorrect," Reuters reports."We are not building a national, integrated, low-cost primary care health care platform," John Agwunobi, senior vice president & president of Walmart U.S. health & wellness said in a statement, according to Reuters
The correction is probably
We ARE building a national, integrated, cruise the gravy, for profit, primary care health care platform,
We can see where this is going-- the part time employee will be sent to the for profit medical center, housed in the store, maybe even put the tab on a future paycheck?
i need a new garage can for my kitchen. i won't be going to walmart to buy it.
Revenue US$ 421.849 billion (2011)
Total assets US$ 180.663 billion (2011)
Total equity US$ 68.542 billion (2011)
Employees Approx. 2.1 million (2011)
They can't afford to offer part time employees
Starbucks coffee offers health care benefit options to their part time employees.
Look @ the difference in revenues & # of employees, but Starbucks can offer part times healthcare & giant Wal Mart can't?
Revenue US$ 10.71 billion (FY 2010)
Total assets US$ 6.38 billion (FY 2010)
Total equity US$ 3.68 billion (FY 2010)
Employees 137,000 (2010)
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