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Medicine

Even Walmart Thinks American Healthcare Is Too Expensive (theverge.com) 237

Walmart isn't making enough money off its new health centers, so it decided to close up shop. From a report: The retail giant announced today that it'll shutter all 51 health centers it opened up across five states since 2019. Walmart is also getting rid of its virtual care program after acquiring telehealth provider MeMD in 2021. "We determined there is not a sustainable business model for us to continue," Walmart said in an announcement today.

"This is a difficult decision, and like others, the challenging reimbursement environment and escalating operating costs create a lack of profitability that make the care business unsustainable for us at this time," Walmart said today. It's an about-face from last year when Walmart said it planned to double its number of health clinics and expand into two new states in 2024.

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Even Walmart Thinks American Healthcare Is Too Expensive

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  • by Anonymous Coward on Tuesday April 30, 2024 @01:24PM (#64436156)

    The entire healthcare system in the US needs to be deconstructed and completely redone from the ground up. Get insurance companies completely out of the picture and regulate pharmaceutical companies with a heavy hand where any profit is regulated by the government. Healthcare should be a human right, not a privilege few can afford as it is in the US.

    • Waiting for the argument on how the USA funds all this massive research for the rest of the countries. Hey isn't that socialism?

    • by r1348 ( 2567295 )

      Consider nationalizing it.

      • Don't. It's an absolute nightmare in Canada. People are literally dying waiting in line. We are no longer allowed to have annual preventative checks. No money for it.

        • No system is perfect but last i checked more people die from lack of insurance and access to care that in Canada waiting for care. (quick google estimate see is 17k Canada, 26k USA) so while that is unacceptable and needs work it doesn't speak to the fundamentals of each system.

          Canada has it's problems but that is also variable because it's a province ran system, as I understand it care in places like BC and Ontario can be better than other provinces. In the US we also did that with Medicare and honestly i

        • by Pascoea ( 968200 )

          People are literally dying waiting in line.

          Cool, just like in the US. Except here you get to be dead, and in debt. Bonus!

          • People are literally dying waiting in line.

            Cool, just like in the US. Except here you get to be dead, and in debt. Bonus!

            We have private insurance companies making sure you get billed for standing in line and dying. USA! USA! WE'RE NUMBER ONE! WE'RE NUMBER ONE!

        • People die in the USA because they can't afford an ambulance ride. Canada's healthcare has taken a decline because the conservative party cuts funding so their buddies who own private practices can cash in.

        • by Calydor ( 739835 )

          Better to die while in line for treatment than on your couch with no hope for treatment.

          Yes, you die in both cases. But in one of them you had a chance.

      • We have that with medicare. By expanding medicare over time it would help drive down costs. Start lowering the age requirements, or lower it only for drugs. Though the anti tax people despire medicare despite them all loving the hell out of it once they're retired.

        Ideology (like anti-tax zealotry) needs to be tempered by pragmatism (make people healthier).

        • Though the anti tax people despire medicare despite them all loving the hell out of it once they're retired.

          I am nearing retirement age and am not looking forward to handing over thousands of dollars every year for something I won't use. Over the decades of my work I've lost well over $100,000 paying for something I haven't used. Why should I do the same thing in retirement?
          • What are you handing over in retirement? Medicare is cheap if you're retired and will greatly subsidize health care plans if you combine them. While working, a lot of your benefits go into health care, even though you might not see it. Sometimes an employer will deduct different amounts from your paycheck depending upon your health plan choice, which encourages the workers to avoid the expensive plans.

            You might not pay directly out of your paycheck for the health care plan, which hides the true cost. If

          • by GlennC ( 96879 )

            You realize that you can choose not to sign up for Medicare, right?

      • Right, then we can have poorly-paid nurses and doctors who go on strike, like in the UK.

    • Sure, let the government run it. Without privatization, there is no competition, without competition quality begins a steady but certain decline. We benefit from competition in quality, choice, and usually cost. If anything, we need more competition in the space without small players being gobbled up by the behemoths.

      • by Targon ( 17348 )
        You misunderstand the difference between healthcare providers being private and the way the funding is being handled. Why do things cost as much as they do should be the question most people are asking, instead of being concerned about how it is getting paid for. Reduce the costs for those who provide health care, and they won't need to charge as much. Protect health care providers from lawsuits that are not related to things like being under the influence of drugs while performing services, and price
      • by sjames ( 1099 )

        What competition though? The Ambulance will take you to the closest hospital and they bill you whatever they care to bill you. If you need "Panacesq", there is one and only one manufacturer and you better pay what they want if you want to live. Where's the competition?

        You want an all inclusive price for something? HAHAHAHAHAHAHAHAHAHAHAHA Yeah,no.

        If privatization is so great, why does healthcare in America cost more than double that of any other developed nation but we're in 26th place for outcomes?

        Honestly

        • In the UK there are plenty of private doctors and people are free to buy medical plans that pay for a private doctor's visit. Most people like to complain about NHS, but then they don't also buy the private insurance, only the rich do AFAIK.

          Some decades ago, there used to be bus tours that would take people up to Canada to get meds at the ridiculously cheap rate that the Canadian government had negotiated with the Pharmaceutical companies. Big Pharma in the USA found out about this and lobbied Congress t

      • by your argument all the Veteran's Administration Hospitals would suck. But, guess what? They don't. The one in Providence, Rhode Island sucks, but the one in Richmond, Virginia is really good. How did that happen (those are the only two I have experience with)
      • Sure, let the government run it. Without privatization, there is no competition

        That's some funny shit. I'm bleeding out in the back of an ambulance while calling hospitals to haggle over ER prices.

      • Having experienced both government-run and private health care, I can tell you that private health care sucks. Deeply.

        The problem with private healthcare is that, mostly, it simply doesn't exist. There is a health services industry, that is highly motivated to sell you more services. Thus (my wife has personal experience of this), you typically don't get the best treatment available, you get the treatment that makes the most money for providers. That's what your supposed competition gets you. You get treatm

    • by ranton ( 36917 )

      Healthcare should be a human right, not a privilege few can afford as it is in the US.

      How much healthcare should be a human right? If everyone in the country had a personal nutritionist, chef, and concierge physician, our collective health would significantly improve. If R&D expenditure into pharmaceuticals increased by an order of magnitude, we would have significantly better drugs than we will have with current spending. But someone has to pay for it.

      I agree there should be some level of care that should be considered a human right, as well as some level of food and shelter. But just l

    • by nightflameauto ( 6607976 ) on Tuesday April 30, 2024 @02:02PM (#64436284)

      The entire healthcare system in the US needs to be deconstructed and completely redone from the ground up. Get insurance companies completely out of the picture and regulate pharmaceutical companies with a heavy hand where any profit is regulated by the government. Healthcare should be a human right, not a privilege few can afford as it is in the US.

      While I and most Americans agree, the people who disagree, people who happen to have their health completely 100% paid for by the taxpayers, congress critters, disagree because they are paid a *LOT* of money to disagree. So, what you're actually asking for is a complete dismantling of our entire government from the ground up, in order to create a government that functions for the common citizen, rather than the uber-rich who have managed to turn everything about our country into better ways to funnel all wealth from the bottom of the societal ladder upwards. It's not going to happen with our current government. The insurance industry in particular is not going to die. Any attempts to even trying to slow down their never-ending growth gets all sorts of hyperbolic responses, including accusations of trying to kill an entire job sector. Which, when you think about it, is true. We'd like to remove the "determine if this potentially life-saving procedure is going to impact profits in a negative enough manner that we would rather deny coverage" job sector. Balancing human life/health against profit should strike everyone as wrong, yet somehow you still get big segments of the population losing their minds if you dare mention turning to single-payer.

      GOVERNMENT DEATH PANELS! OH NO! Because that'd be so much worse than literal for-profit death panels? Fuck off already. How about we try to pretend we're a modern society? Maybe at least give us some of the window-dressing of a society to distract us from the other ways we're being hosed over.

    • Sure. Who will freeze the doctors' salaries?

      Labour makes up the vast majority of the cost, and no one wants to take a pay cut.

    • I agree with most of what you posted. However, this statement sounds innocuous but is really very dangerous: "Healthcare should be a human right, not a privilege few can afford"

      On the one hand, yes, absolutely everyone needs healthcare. It is essential for survival, and therefore, everyone has an incentive to build a society where it is readily available.

      On the other hand, healthcare comes at a cost of labor. Many, many, MANY people across many different industries must labor at full time jobs in order f

    • Healthcare should be a human right

      I don't know what the answer to the US healthcare expense problem is, but I do know that this sure as shit isn't it. Healthcare should not be a right in the US, nor should housing or food. A "right" to a material good means that you're taking away the rights of those that service those goods. That you are, in effect, impressing them into public servitude.

      The last thing I want is a system where doctors, home builders, farmers, etc, are essentially told "You'll give your product and service to us, on demand,

  • by ranton ( 36917 ) on Tuesday April 30, 2024 @01:32PM (#64436184)

    The US medical industry is so broken even massive companies like Walmart have trouble jumping in and finding ways to extract high enough profits to make the work worthwhile. Health insurance administration is too costly, pharmaceuticals and providers are too expensive, insurance coverage is complicated and often insufficient, and people generally expect any new procedure or drug should be available to them regardless of the price. While I believe a single payer program must be part of the solution, it will be nowhere close to solving the whole problem.

    • Single payer is a nice goal, but so is single bill. It is just stupid to get separate bills for facility, nurse, doctor, MRI, MRI consultant, MRI operator, and the little old lady that saw you walk down the hall but had nothing to contribute. The fun part is it takes almost 3 months for all the bills to show up from one visit.
  • by The Cat ( 19816 ) on Tuesday April 30, 2024 @01:39PM (#64436210)

    We couldn't find a way to buy it from China and sell it to high-maintenance suburban moms.

  • by SmaryJerry ( 2759091 ) on Tuesday April 30, 2024 @02:43PM (#64436430)
    Healthcare being expensive is not the issue. The issue is that after services are completed, they cannot collect on them. Thanks to the Affordable Care Act there are limits on how much they can collect and the types of items covered by insurance. While they may charge $500 for something, they may only get $100 from the insurance company, and then may get stiffed from the patient for the rest. This is from experience in the industry. Since the Affordable Care Act went into place deductibles skyrocketed in order to keep the insurance companies profitable, so the patients end up having to cover MUCH more of their costs rather than insurance companies. Also, when insurance companies were forced to cover every problem they had to make up the costs somewhere. Insurance transformed from being insurance for big unexpected costs, to being literal health care coverage, which was impossible for insurance companies, so they offered much worse coverage for more expensive of a price. Most people are paying more monthly now than they were paying annually before the Affordable Care Act, especially after factoring deductibles paid. But that should not be a problem for Walmart or Providers, it is only a problem for them because when the costs are passed onto people like this instead of insurance companies, people end up not paying. It was like the Affordable Care Act wanted to make things so bad for people that the only option would be to convert to national healthcare.
    • by thegarbz ( 1787294 ) on Tuesday April 30, 2024 @04:41PM (#64436804)

      Oh how cute, you think the ACA is the cause of America's obscene healthcare costs. Hint: your country has been the punchline of jokes about healthcare cost for well over a generation. The ACA may have moved some numbers around, but ultimately not even remotely the cause of America's healthcare problems.

    • My spouse had a simple outpatient surgery done about a decade ago. The procedure went perfectly and there were no complications. Total time was under 2 hours, mostly recovery from anesthesia. The fair market cost of the procedure at the time where we lived was about 7k. According to the terms of our insurance at the time we owed a 1k deductible, then the insurance was responsible for 100% of the remaining costs. The hospital attempted to bill the insurance company 22k, which they quite properly refused

He's dead, Jim.

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