National Headlines

Walmart makes reducing health-care costs a top priority — for customers, too

  • Insuring its 2.2 million workers across the world is Walmart’s second-largest expense on its profit and loss statement, behind wages, a company executive says.
  • Rising health-care costs are also cutting into its potential sales as customers have to spend more of their income on medicine and doctor’s visits than on backpacks and home goods.

Walmart is looking for ways to reduce health-care costs — for its customers in addition to its employees — as the nation’s largest employer and retailer makes it a top priority this year. Insuring its 2.2 million workers across the world is the company’s second-largest expense on its profit and loss statement, behind wages, company executive Lori Flees said this week at the Manova Summit in Minneapolis.

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SOURCE: https://www.cnbc.com/2018/10/12/walmart-makes-cutting-health-care-costs-top-priority.html

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