"We are very supportive of this work that will reward doctors, hospitals and other providers who offer great care at an appropriate cost," said Sally Welborn, Walmart senior vice president of benefits. "Governor Beebe is leading a first-of-a-kind payment-reform effort in Arkansas that health experts elsewhere are following closely. We respect the work being done in Arkansas, and we are excited about the opportunity to offer real support to such a meaningful project in our home state."
Health care costs in the United States are projected to increase 6.3 percent in 2013. The average deductible for an individual on health plans in the U.S. increased nearly 9 percent last year.
"Our health care system is at a tipping point brought on by rising costs, an increasingly unhealthy population and a fragmented system of care," said Arkansas Surgeon General Dr. Joe Thompson. "We need all hands on deck if we are to restructure the health care system to better meet the needs of our citizens. Private companies pay for a large portion of our health care costs. So, it is very encouraging to have an organization of Walmart's stature join this important effort."
SOURCE Wal-Mart Stores, Inc.; Arkansas Center for Health Improvement