AXIOS June 11, 2024
Major retailers are abandoning or scaling back their ambitions to become health care providers — but don’t look for them to pull out of the market entirely.
Why it matters: Retailers hoping to grab a bigger piece of the $4.5 trillion health care market are likely to lean into their core strengths: consumer products, alongside some health services that don’t require major investments, experts said.
The big picture: Even for giants like Walmart and Walgreens, the economic realities of primary care proved challenging, with its low reimbursement, growing labor and supply costs, and other workforce challenges.
- Retailers have struggled to convince enough patients to give up traditional providers for their more comprehensive health care needs in the same place...
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