Even Walmart thinks American healthcare is too expensive
Walmart isn’t making enough money off its new health centers, so it decided to close up shop. 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.
Retail giants like Walmart, BestBuy, and Amazon have each tried to take their own share of Americans’ $3.6 trillion in health spending each year. But while retailer heavyweights thought they could turn a profit by making healthcare...