Thursday, December 4, 2008

Private-Sector Health Care Leads the Way

Wal-Mart now offers walk-in, inexpensive healthcare services by leasing store space to private health clinics. This service, combined with an in-store pharmacy that offers $4 prescriptions, will offer these services to millions of people, and there is no requirement to have health insurance. Consider this: Wal-Mart's $4 prescription program has saved customers over $1 billion dollars since its inception. Prices are a flat fee of around $45 per visit, and are well advertised, i.e., there is no guess work, and price transparency exists. Contrast this with a typical doctor's visit where you might not know what you are paying until three months later.

Wal-Mart is competing successfully with government subsidized health care. It is only a matter of time before Congress finds an excuse to pass laws to eliminate the competition.

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