Wal-Mart remains a legendary story and leader in retail. Innovation, creativity and the old fashion American work ethic has propelled Wal-Mart into a dominating business force in communities around the world.
However, it appears that Wal-Mart has finally been beat on keeping costs down. The company recently announced major price hikes for their employees who choose to keep their health care insurance and increased the hourly requirements to qualify for health insurance. “Rates are expected to climb by more than 40 percent for some employees.”
A major theme on the radio show remains: “Why does business and industry remain silent while the stories of economic destruction continue?” Why does business and the American public sit idle as the increased distribution of prescription drugs continue to increase.
Has the American worker that Sam Walton relied upon to create the world’s largest retailer become so dysfunctional that their health insurance premiums need to rise by as much as 40 percent?
The common theme for increasing health care costs is the monthly visit to the doctor for OxyContin, Vicodin, Lortab, Xanax, Valium, Ativan, Prozac, Zoloft, Cymbalta, Abilify, Zyprexa and whatever else the doctor can convince an unsuspecting Wal-Mart employee to take faithfully.
The business people who run Wal-Mart have been outsmarted by the business people who run the pharmaceutical companies. Big Pharma has brought to their team drug wholesalers, doctors, pharmacists, and drug testing companies. Treatment and rehabilitation services have jumped in line to collect on the human damage that could have been prevented.
The money train of drugs is directly or indirectly affecting every company’s ability to compete.
As health insurance costs continue to increase, as workers compensation costs continue upward, and as medicaid/medicare spending continues to increase in double digits, American business remains clueless and a victim to the direct and indirect costs of the impact prescription drugs are creating.
In too many cases, the drugs are creating a dysfunctional person who has a difficult time getting off a couch during the day.
“Not Safe as Prescribed” has to become the American norm for health care costs to be brought under control. The drug companies have capitalized on our compassion beyond our common sense.
Wal-Mart has been an innovator and leader in recent American culture. Money spent on office visits for drugs is money not spent in their stores. Money spent on treatment and rehabilitation is money not spent in their stores.
When comparing Pharma against Wal-Mart, it appears the “fox has been outfoxed”.