Insiders reveal why Walmart pulled the plug on Sam Walton's dream to ‘get the hospitals and doctors in line' [Fortune]
JP Morgan Chase & Co. (JPM)
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Source: Fortune
In a room full of Walmart employees gathered for a regular Saturday morning leadership meeting, Walton made an impassioned plea for his company to use its size and power to rein in medical costs. Walton had recently discovered how much a hospital was marking up the imaging exam he had just undergone and the contrast injected into his veins, and he was furious about it. “We've got to get the hospitals and doctors in line,” he told the audience of Walmart employees. “We've got to get those charges under control.” ““And if we don't get it done this year,” he added. “I'm gonna get real upset. I mean real upset.” Walton's company didn't hit his goal but, for the better part of the past two decades, different Walmart leaders have been trying, albeit with varying levels of commitment and investment. They launched a series of initiatives aimed at providing more affordable and convenient medical care to Walmart customers, either right from within Walmart stores or at nearby company-run
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